Which one of the following statements is correct? O (a) The sensitivity of a bond's fair value to changes in interest rates depends only on the length of time to maturity and independent of the pattern of cash flows provided by the bond O (b) Short-term bonds have greater interest rate risk than long-term bonds O (c) As the maturity date approaches, the market (fair) value of a bond converges to its face value O (d) If the yield-to-maturity is lower than the coupon rate, the value of the bond will be less than the par value O (e) (a) and (b) O (f) (b) and (c) O (g) (c and (d) O (h) None of the answers are correct