19. If the market interest rate increases by 1.00% and the Modified Duration of a bond is 3.52, how would you expect the price of that bond to change? a. Increase by 1.00% b. Decrease by 1.00% c. Increase by 3.52% d. Decrease by 3.52% e. Decrease by 4.52% f. Increase by 4.52% 20. Convexity is a useful measure of bond price volatility when: a. Market interest rates are unchanged b. Market interest rates change by a small amount c. The price of the bond changes d. Market interest rates change by a large amount e. None of the above