a 1. A manager has a nominal 5,000,000 of bonds A, with a modified duration of 6% and which is negotiate at a price of 70%. Said manager is thinking of selling bonds A and buy bonds B, the latter have a price of 85% and a modified duration of 3.5%. a) What is the sensitivity of the price of bond A to a variation of 100 bp in the IRR of the bond? b) And what about bond b