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You have a portfolio that consists of 3 bonds. Data for the 3 bonds is shown below. If interest rates were to increase by 2.23%,

You have a portfolio that consists of 3 bonds. Data for the 3 bonds is shown below. If interest rates were to increase by 2.23%, what would the approximate percentage change be for your portfolio?

	Modified Duration	Weight
Bond 1	5.56 years	36%
Bond 2	7.62 years	27%
Bond 3	3.57 years	37%

A. -11.99%

B. 10.47%

C. -9.63%

D. 9.63%

E. 11.99%

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