单选题
An analyst determines that an 8% option-free bond, maturing, in 2015,
would experience a 3% change in price if market interest rise by 50 basis
points. If market interest rates instead fall by 50 basis points, the bond's
price would:
- A. increase by less than 3%.
- B. increase by more than 3%.
- C. decrease by less than 3%.