Multiple Choice
a bond has an annual modified duration of 7.140 and annual convexity of 66.200. The bond's yield-to-maturity is expected to increase by 50 basis points. The expected percent-Age price change is closest to:
A) −3.40%.
B) −3.49%.
C) −3.57%
Correct Answer:
Verified
Correct Answer:
Verified
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