The Outstanding Bonds of Alpha Extracts Have a Yield to Maturity

question 30

Multiple Choice

The outstanding bonds of Alpha Extracts have a yield to maturity of 8.4 percent and a modified duration of 10.8.If the yield to maturity instantly decreased to 7.5 percent,the bond's price would increase/decrease by _____ percent.

• A)-10.08
• B)-9.67
• C)8.45
• D)9.72
• E)10.08

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Definitions:

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