9-91 If interest rates increase by 20 basis points (i.e.,$\Delta$R = 20 basis points),use the duration approximation to determine the approximate price change.
A)$0.000.
B)$0.2775 per $100 face value.
C)$2.775 per $100 face value.
D)$0.2672 per $100 face value.
E)$2.672 per $100 face value.

Question

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The Answer of 9-91 If interest rates increase by 20 basis points (i.e.,$\Delta$R = 20 basis points),use the duration approximation to determine the approximate price change.
A)$0.000.
B)$0.2775 per $100 face value.
C)$2.775 per $100 face value.
D)$0.2672 per $100 face value.
E)$2.672 per $100 face value.

9-91 If Interest Rates Increase by 20 Basis Points (I Δ\DeltaΔ

9-91 If Interest Rates Increase by 20 Basis Points (I $\Delta$