Suppose a bond matures in 4 years with a coupon rate of 9% paid semi-annually and a yield-to-maturity of 8%, has a duration of 3.46. Using modified duration, what is the percentage change in price of the bond if the interest rate (i.e. yield) increases by 0.50%? A. -3.33% B. -1.66% C. -0.50% D. 0.50%