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A UK 12-year corporate bond with a 4.25% coupon is priced at 107.30. This bond's duration and convexity are 9.5 and 107.2. If the bond's

A UK 12-year corporate bond with a 4.25% coupon is priced at 107.30. This bond's duration and convexity are 9.5 and 107.2. If the bond's yield decreases by 125 basis points, the estimated price of the bond is closest to:

A. 112.72

B. 120.95

C. 121.84

D. None is correct

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