An analyst gathered the following information about a 15-year bond:·10% semiannual coup
An analyst gathered the following information about a 15-year bond:
·10% semiannual coupon.
·Effective duration of 7.6 years.
If the market yield rises 75 basis points, the bond's approximate price change is a:()。
:A.5.4% decrease
B.5.4% increase
C.5.7% decrease