"Trading price $=$ Rs$.100,YTM=8\%.$ If the yield increases by $1bps,$ the price of the bond

will decrease to Rs$\mathrm{.}99\mathrm{.}95.$ If the yield decreases by $1$ basis point, the price of the bond

will increase to Rs$\mathrm{.}100\mathrm{.}04.$ What is the modified duration of the bond?"

Question $60$Select one:

a$.$

$-5$

b$.$

$5$

c$.$

$-4\mathrm{.}5$

d$.$

$4\mathrm{.}5$