1. If market interest rates drop by 0.1%, what is the approximate percentage change in the value of the bond? Does the value increase or decrease?

Details for Security 077906JT3 Product: STRIP COUPON BOND Credit Ratings Rating Al STRPS B 12/01/38 Security Description STRPS, BELL Issue Description CANADA CUSIP 0779063T3 Security Number 0005012 Alternative Sec Id M58787 Security Description 12/01/38 STRPS B Issuer Full Name BELL CANADA Coupon 0.000 Maturity 12/01/2038 Issue Date 11/30/1994 Dated Date 11/30/1994 Pay Frequency semiannually Day Count act/365 Minimum Quantity 0.01 Multiple Quantity 0.01 Currency CAD Security Type STRPS Days to Maturity 7182 Offering Data Workout Date 12/01/2038 Workout Type Worst Date Option Price 100.000 Settlement Date 04/03/2019 offering FIS 07:35:45 Comment 04/01 Modified 19.213665 Duration Convexity 3.79 offer Offer Qty 40,740 Offer Min Qty 5,000 Offer Multiple 1 Offer Max Size 9,999 Ask Price 40.364 Ask Yield 4.66775 Offer MMY Mat 4.66775 Ask Yield 4.66775 Offer SAY 4.66775 Offer YTW 4.66775 Offer MMY 4.66775 Offer CY 0.000 Offer AY 4.72222 Bid 40,740 5,000 Bid Qty Bid Min Qty Bid Multiple Bid Max Size Bid Price Bid Yield Bid MMY Mat Bid Yield 9,999 38.271 4.94507 4.94507 4.94507