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Is this true? $\operatorname{tr}(AB)^k = \operatorname{tr}(A^k B^k)$

If so, how can one provide proof or counter example?

I tried it with the following two matrices and it turned out to be true: \begin{bmatrix}1&0\\0&1\end{bmatrix} \begin{bmatrix}2&0\\0&2\end{bmatrix} but would it apply to all matrices? and how can one provide proof?

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