Consider a bond selling at par with modified duration of 19 years and convexity of 375. A 3% decrease in yield would cause the price to increase by 57% according to the duration rule. What would be the percentage price change according to the duration-with-convexity rule?

Select one and show working out : A. 65.4% B. None of the options are correct. C. 77.1% D. 73.9% E. 51.2%