24 Caulane the puyofs of a sho sradilie at a soocik price at esxpiration of $45 a $6.35 $I88S b. $29.65, $42.15 c $21.65,$34.15 price at expiratiom of $20 and a stock 25. A short straddle is an appropriate strabegy if a An investor wishes to generate additional income b. An investor wished to insure against a decline in share vallues c An investor expected share prices to he volatille d. An investor expected share prices to remain in a trading range. e. An investor expected share prices to he volatile, but was inclined to be bullish. For question 26-28 The twenty-year 6.1% ANNUAL coupon bond above had a yield to maturity of 10% and an annual Macaulay Duration of 5.007. Convexity is 36.02 26. What is the Modified Duration of this bond? a. 3.522 . 4.522 c. 5.007 d. 6.007 27 What is the percentage change of the bond price if the Y11 of 10% increases 100 basis points based on duration only? a.-3.522% b.-4.522% c. +3.522% d.-9.044%