Assertion (A) : There exits inverse relationship between interest rates and bond prices. Reason (R) : A bond price represents the present discounted value of the payments agreed uponat the time when the bond was issued. Codes :

• A. both (a) and (r) are correct, and (r) is the correct explanation of (a).
• B. (a) is correct, but (r) is not the correct explanation of (a).
• C. (a) is correct, but (r) is incorrect.
• D. (a) is incorrect, but (r) is correct.