Which of the Following Statements Are True? I) Holding Other

Multiple Choice

Which of the following statements are true? I) Holding other things constant, the duration of a bond decreases with time to maturity.
II) Given time to maturity, the duration of a zero-coupon increases with yield to maturity.
III) .Given time to maturity and yield to maturity, the duration of a bond is higher when the coupon rate is lower.
IV) Duration is a better measure of price sensitivity to interest-rate changes than is time to maturity.

A) I only
B) I and II
C) III only
D) III and IV