An analyst does research about bond price

问题单项选择题

An analyst does research about bond price and gathers the following information about a callable bond:

If yields are expected to increase by 125 basis points, the expected price change for the bond is closest to:（）

A. -$35793

B. -$40411

C. -$4,3750

答案

参考答案：B

解析：

-$923686×0.0125×3.5=-$40411。因为题目中是计算可赎回债券，而现金流是不确定的，所以只能用有效久期进行计算。