Question: Since we know the relationship between bond prices and YTM is convex, we should expect an increase in a bonds price when YTM declines to

Since we know the relationship between bond prices and YTM is convex, we should expect an increase in a bonds price when YTM declines to be ___ a decrease in the price when YTM increases with the same magnitude.

	A.	Smaller than or larger than, dpending on the level of the YTM.
	B.	Equal to
	C.	Smaller than
	D.	Larger than

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