[单选题]

A bond portfolio manager owns $5 million par value of a non-callable bond issue. The duration of the bonds is 5.6 and the current market value of the bonds is $5,125,000. If yield decline by 25 basis points, the approximate new price of the bonds after the decline in yield will be closest to:

A.$5,053,250

B.$5,070,000

C.$5,196,750

参考答案与解析: