Compare two fixed-rate coupon bonds that have different maturity dates: one is a 10-year bond, and the other is a 1-year bond. Everything else equal, which of the following statements is true:
The price for the 10-year bond is higher than the price for the 1-year bond
The 10-year bond is exposed to higher interest rate risk
The two bonds have the same price
The price for the 10-year bond is less sensitive to the change in interest rates
The price for the 10-year bond is lower than the price for the 1-year bond