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

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A bond is currently trading for 98.722 per 100 of par value. If the bond's yield-to-maturity (YTM) rises by 10 basis points, the bond's full price is expected to fall to 98.669. If the bond's YTM decreases by 10 basis points, the bond's full price is expected to increase to 98.782. The bond's approximate modified duration is closest to: O 0.572 O 5.723 O 11.456 01.145

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