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Two bonds with identical duration but differing convexity are held. Assuming all other factors remain constant, if the yields to maturity rise by 10 basis points, which of the following is most likely to occur?
A
The bond with higher convexity underperforms the bond with lower convexity.
B
The prices of both bonds decline by an equal amount.
C
The bond with higher convexity outperforms the bond with lower convexity.