Question: A bond's modified duration is 4.3 years, its convexity is 158.8, and its yield to maturity is 4.4% per year. By what percent will the

A bond's modified duration is 4.3 years, its convexity is 158.8, and its yield to maturity is 4.4% per year. By what percent will the bond's price change, if its yield to maturity decreases by 350 basis points? 1) 25.5% 2) 26.7% 3) 26.2% 4) 25.5% 5) 24.8%

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