单选题 For a bond currently priced at $1018 with an effective duration of 7.48, if rates moved down 75 basis points, the new price would be approximately:
  • A. $942.
  • B. $961.
  • C. $1075.
【正确答案】 C
【答案解析】(1+7.48×0.0075)×1018=$1075.