1. Three years ago, Neodymium, Inc. issued $2 million worth of 7% coupon bonds with 12 years to maturity. Currently, the bonds have a YTM of 4.6%, a Macaulay Duration of 8.86, and convexity of 93.66. Estimate the bonds' percentage price change in response to a -3% change in yield to maturity.

2. Books unlimited has $750,000 of 4.1% coupon bonds with 9 years to maturity. THe current price is $916.44. The bonds have a modified duration of 7.3 and YTM of 5.3%. Calculate the DV01 for one of these bonds