-If Yields Increase by 10 Basis Points, What Is the |

$$\begin{array} { | l | l | l | l | l | } \hline \text { Rate } & \text { Maturity } & \text { Ask } & \text { Change } & \text { Ask yield } \\\hline 7.1250 & \text { Oct 15,2005 } & 102 : 08 & - 1 & 5.9156 \\\hline\end{array}$$
-If yields increase by 10 basis points, what is the approximate price change on the $100,000 Treasury note? Use the duration approximation relationship.

A) +$179.39
B) +$16.05
C) -$1,605.05
D) -$16.05
E) +$160.51

Correct Answer:

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