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Assume two bond portfolios with identical yields of 5.0%. One is a bullet portfolio with duration equal to 9; the other is a barbell portfolio with duration also equal to 9. How do their convexities compare?
A
Barbell convexity is less than (<) bullet's convexity
B
Barbell convexity is greater than (>) bullet's convexity
C
Convexities are similar
D
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