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【单选题】
Which of the following are generally TRUE of bonds?A.
A bond's return equals the yield to maturity when the time to maturity is the same as the holding period.
B.
A rise in interest rates is associated with a fall in bond prices, resulting in capital gains on bonds whose terms to maturity are longer than the holding periods.
C.
The longer a bond's maturity, the smaller is the size of the price change associated with an interest rate change.
D.
Prices and returns for short-term bonds are more volatile than those for longer-term bonds.
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