问题
单项选择题
A bond with an 8 percent semi-annual coupon and 10-year maturity is currently priced at $904.52 to yield 9.5 percent. If the yield declines to 9 percent, the bond’s price will increase to $934.96, and if the yield increases to 10 percent, the bond’s price will decrease to $875.38. Estimate the percentage price change for a 100 basis point change in rates.（）
A. 4. 35%.
B. 2. 13%.
C. 6.58%.
答案
参考答案：C
解析：
(price when yields fall - price when yields rise)/2×(initial price)×0.005=($934.96-875.38)/2×$904.52×0.005=$59.58/$9.05=6.58.
G
G