A $1000 face, 10-year, 8.00 percent semi-annual coupon, option-free bond is issued at par (market rates are thus 8.00 percent). Given that the bond price decreased 10.03 percent when market rates increased 150 basis points (bp), which of the following statements is TRUE If market yields:（）
A. decrease by 150bp, the bond’s price will decrease by more than 10.03%.
B. decrease by 150bp, the bond’s price will increase by 10.03%.
C. decrease by 150bp, the bond’s price will increase by more than 10.03%.
