For a non-callable bond with an approximate annual modified duration of 15.213 and an approximate annual convexity of 350.32, if the bond's yield increases by 100 bps, the estimated percentage decline in the price of the bond is closest to: | Chartered Financial Analyst Level 1 Quiz - LeetQuiz
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For a non-callable bond with an approximate annual modified duration of 15.213 and an approximate annual convexity of 350.32, if the bond's yield increases by 100 bps, the estimated percentage decline in the price of the bond is closest to:
