Which of the following statements regarding catastrophe bonds is true?

Group of answer choices

a. The yields are lower than asset-backed securities and commercial mortgage-backed securities.

b. The yields are lower than traditional bonds like treasuries.

c. There currently do not exist any potential challenges to the catastrophe bonds market.

d. Catastrophic property damage risks are highly correlated with the risks of other asset classes.

e. Institutional investors are particularly interested in catastrophe bonds because of their portfolio diversification benefits.