The Outstanding Bonds of Alpha Extracts Have a Yield to Maturity

question 99

Multiple Choice

The outstanding bonds of Alpha Extracts have a yield to maturity of 7.4 percent and a modified duration of 11.8.If the yield to maturity instantly decreased to 6.8 percent,the bond's price would increase/decrease by ________ percent.

• A) -7.08
• B) -5.67
• C) 1.45
• D) 5.72
• E) 7.08

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