If investors rely strictly on modified duration to estimate the percentage change in the price of a bond, they will tend to ____ the price decline associated with an increase in rates and ____ the price increase associated with a decrease in rates.

Group of answer choices

A.overestimate; underestimate

B.underestimate; overestimate

C.underestimate; underestimate

D.overestimate; overestimate

(someone said its B, but I saw the answer in Quizlet is A. What is the actual correct answer?