Dollar Duration of a Fixed-Income Security Is Defined as

Multiple Choice

Dollar duration of a fixed-income security is defined as

A) the dollar value change in the price of a security to a one-percent change in the return on the security.
B) the dollar value change in the price of a security to a change in the Macaulay's duration of the security.
C) the market price of a security following a one-percent change in the return on the security.
D) Macaulay's duration divided by one plus the interest rate times the market price of the security.