Consider the following four bonds that pay annual coupons and a face value of $1,000.

The percentage change in the price of the bond "C" if its yield to maturity increases from 9% to 10% is closest to:

a.

-6%

b.

4%

c.

-17%

d.

-4%

Clear my choice

Bond A B Years to maturity 1 5 10 20 Coupon 0% 6% 10% 0% YTM 5% 7% 9% 8% D Normal