Question: Question 13 3 points Save Answer Suppose that you use duration to approximate the changes in bond price. When interest rate goes up, the absolute

Question 13 3 points Save Answer Suppose that you use duration

Question 13 3 points Save Answer Suppose that you use duration to approximate the changes in bond price. When interest rate goes up, the absolute value of duration approximation is ___ than the absolute value of actual bond price changes. When interest rate goes down, the absolute value of duration approximation is_ than the absolute value of actual bond price changes. A. smaller, smaller B. larger, larger C. smaller, larger D. larger, smaller

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