Which statement about bond prices is most accurate?

Select one:

a. The others answers included are not correct

b. With an interest rate decline the price rises more for short-term bonds than long-term bonds

c. With an interest rate increase the price rises more for long-term bonds than short-term bonds

d. For a premium bond the yield to maturity exceeds the coupon rate

e. For a discount bond the coupon rate is less than the yield-to-maturity