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Which of the following statements are TRUE regarding International Bond Funds? I The fund will hold securities denominated in foreign currencies II The fund will

Which of the following statements are TRUE regarding International Bond Funds?

I The fund will hold securities denominated in foreign currencies
II The fund will hold securities denominated in U.S. dollars
III The fund will have a currency exchange gain when the dollar falls in value
IV The fund will have a currency exchange gain when the dollar rises in value

A I and III

B I and IV

C II and III

D II and IV

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