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U have a SHORT position in the portfolio of an amount of 200,000,000 (ur position is -200,000,000 in this particular bet) ur spread duration is

U have a SHORT position in the portfolio of an amount of 200,000,000 (ur position is -200,000,000 in this particular bet) ur spread duration is 3 years. Assuming the spread DROPs by 50 bps what will be ur new approximate MV?

a. -203,000,000

b. -197,000,000

c. no change

d. -205,000,000

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