Question: 7. For a 100 bps increase in yield-to-maturity and using the weighted average duration and convexity, the expected percentage price change for the bond portfolio

7. For a 100 bps increase in yield-to-maturity and using the weighted average duration and convexity, the expected percentage price change for the bond portfolio is closest to:

A. –7.981%.

B. –8.949%.

C. –9.533%.

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