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A bond is currently trading for 98.722 per 100 of par value. If the bonds yield-to-maturity (YTM) rises by 10 basis points, the bonds full

A bond is currently trading for 98.722 per 100 of par value. If the bonds yield-to-maturity (YTM) rises by 10 basis points, the bonds full price is expected to fall to 98.669. If the bonds YTM decreases by 10 basis points, the bonds full price is expected to increase to 98.782. The bonds approximate modified duration is closest to:

A. 0.572

B. 11.456

C. 5.723

D. 1.145

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