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17. Far value bond XYZ has a modified duration of 6. Which one of the following statements regarding the bond is true? A. If the

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17. Far value bond XYZ has a modified duration of 6. Which one of the following statements regarding the bond is true? A. If the market yield increases by 1% the bonds price Will decrease by $60. B. If the market yield increases by 1% the bonds price Will increase by $50. C. If the market yield increases by 1% the bonds price Will decrease by $50. D. If the market yield decreases by 1% the bonds price Will increase by $60. E. None of these

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