An investor gathered the following informa
问题:
An investor gathered the following information about an option-free U. S. corporate bond: Par Value of $10 million Convexity of 45 Duration of 7 If interest rates increase 2 percent (200 basis points), the bond’s percentage price change is closest to:()
A. -14.0%
B. -15.8%
C. -12.2%