Which of the Following Is a True Statement

Multiple Choice

Which of the following is a true statement?

A) The longer the time to maturity of a security,the smaller will be the duration
B) The lower the coupon rate of a security,the higher the duration
C) For a given duration and change in interest rates,the change in the price of the security will be larger for a lower starting level of interest rates
D) The duration of a security remains constant no matter the level of market interest rates
E) All of the options are true statements.