$\text { 32. Which of the following statements is true? }$

Multiple Choice

$\text { 32. Which of the following statements is true? }$

A) A short-term bond and a long-term bond provides the same premium.
B) Investors in short-term bonds earn higher premiums than investors in long-term bonds.
C) A change in the interest rates of bonds affect the prices of long-term bonds more than the prices of short- term bonds.
D) A change in the interest rates of bonds affect the prices of short-term bonds more than the prices of long- term bonds.