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A bond with maturity of 30 years has a coupon rate of 8% (paid annually) and a yield to maturity of 10%. Its price is

A bond with maturity of 30 years has a coupon rate of 8% (paid annually) and a yield to maturity of 10%. Its price is $897.26, and its modify duration is 11.40 years. What will happen to the bond price if the bonds yield to maturity increases to 10.1%? A. -$19.10 B. -$14.14 C. -$5.41 D. -$10.23

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