"Rachel Lake is evaluating the potential for bond prices to change given the market discount rate. She derives the following conclusions:Conclusion 1: The convexity effect can be observed as the tendency for bond prices to increase when market discount rates decrease.Conclusion 2: For two bonds offering an identical coupon rate, the maturity effect results in the longer-term bond being more price-sensitive than a shorter-term bond when the change in market discount rates is identical.Lake is most likely correct with respect to: