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Continue with the same bond as in the previous two questions (#28 ). The bond has a $1,000 face value, a 3% coupon and a

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Continue with the same bond as in the previous two questions (#28 ). The bond has a $1,000 face value, a 3% coupon and a 4% yield-to- maturity. If market yields were to rise by 40 basis points, what dollar change in price would you expect, calculated using modified duration? Multiple Choice $12.98 - $10.88 + $9.94 + $15.54 Continue with the same bond as in the previous two questions (#28 ). The bond has a $1,000 face value, a 3% coupon and a 4% yield-to- maturity. If market yields were to rise by 40 basis points, what dollar change in price would you expect, calculated using modified duration? Multiple Choice $12.98 - $10.88 + $9.94 + $15.54

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