CFA-Level-I Exam Dumps | Shaker Chin has an 11.000%, 4 year bond that is selling for a price of $98.432 and is currently yielding

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Question 118/525

Shaker Chin has an 11.000%, 4 year bond that is selling for a price of $98.432 and is currently yielding 11.50%. The table below shows how the price will vary given a 235 Basis Point change in market interest rates. Assuming the duration is 3.159 and the convexity is 6.296, what is the total estimated percentage price change based on a 235 BP market rate increase?

A. -7.0769%

B. -4.1071%

C. 7.7723%

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