题目
The modified duration is 10.46 of a bond with a current price of $716.38. Once the yield rise 1 basis point, what is the bond’s price change?
选项
A.$-0.40
B.$-0.75
C.$-1.25
D.Need more information (yield, maturity)
答案
B
解析
Answer: B △P=-D*P*△y=-10.46×716.38×0.0001=-0.7493△P=-D×P×△y=-10.46×716.38×0.0001=-0.7493