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Basically the baud rate can never be greater than the bit rate. Baud rate can only be equal or less than the bit rate. However, there are instances that baud rate maybe greater than the bit rate. In Return-to-zero or Manchester encoding, where there are two signaling elements, the baud rate is twice the bit rate and therefore requires more bandwidth.

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Q: Give an example of a signal for each what conditions the baud rate is equal to the bit rate the baud rate is greater than the bit rate and the baud rate is less than the bit rate?
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