单选题
A bond has a duration of 14.4 and a convexity measure of 85. If yield increases by 75 basis points, the percentage price change is closest to:
A. -5.16%
B. -10.32%
C. -11.28%
A
B
C
【正确答案】
B
【答案解析】
[解析] -14.4×0.0075+85×(0.0075)
2
=-10.8%+0.48%=-10.32%。
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