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Which of the following statements is TRUE? A. If a bond's yield to maturity exceeds its coupon rate, the bond trades at a premium. B.

Which of the following statements is TRUE? A. If a bond's yield to maturity exceeds its coupon rate, the bond trades at a premium. B. Prices of bonds with lower durations are more sensitive to interest rate changes. C. If a bond's yield to maturity is less than its coupon rate, the bond trades at a premium. D. Bonds with higher coupon rates are more sensitive to interest rate changes.

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