A 30-year zero coupon bond with a face value of $10,000 is currently selling for $2,313.77.Using the bond's modified duration, what is the approximate change in the price of the bond if interest rates rise by 15 basis points?
A)-15.00%
B)-4.29%
C)-0.43%
D)-0.15%
E)Not enough information is given to answer the question.

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The Answer of A 30-year zero coupon bond with a face value of $10,000 is currently selling for $2,313.77.Using the bond's modified duration, what is the approximate change in the price of the bond if interest rates rise by 15 basis points?
A)-15.00%
B)-4.29%
C)-0.43%
D)-0.15%
E)Not enough information is given to answer the question.

A 30-Year Zero Coupon Bond with a Face Value of $10,000