1a. An increase in a bond's YTM results in a ___________________ price change than a decrease in yield of equal magnitude because the bond price-yield curve is ______________.

Group of answer choices

smaller; concave

larger; convex

smaller; convex

larger; concave

1b. If you are a CDS seller on Bond X, your position is similar to a __________________ position in Bond X.

Group of answer choices

short

long