When Interest Rates Shift, the Price of Zero Coupon Bonds

Multiple Choice

When interest rates shift, the price of zero coupon bonds:

A) are more volatile as compared with short-term bonds of the same maturity.
B) are less volatile as compared with short-term bonds of the same maturity.
C) are more volatile as compared with long-term bonds of the same maturity.
D) are less volatile as compared with long-term bonds of the same maturity.
E) Both A and C.