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Which of the following is true?
[A]A change in YTM affects bonds with a lower YTM more than it does bonds with a higher YTM
[B]Given the maturity, for equal sized increases or decreases in the YTM, price movements are not symmetrical
[C]When the required rate of return is greater than the coupon rate, the value of the bond is more than its par value
[D]Bond’s price is directly proportional to its YTM
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