Question: A bond paying annual coupons has a yield to maturity of 11.6% pa and a price (per $100 par value) of $77.28075. Its duration

A bond paying annual coupons has a yield to maturity of 11.6%

A bond paying annual coupons has a yield to maturity of 11.6% pa and a price (per $100 par value) of $77.28075. Its duration is 7.576 years. If the yield to maturity increases by 10 basis points then its price will be approximately: (A) $72.03452 (B) $76.69527 (C) $76.75613 (D) $76.81608

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