30-year maturity bond making annual coupon payments with a coupon rate of 14.00% has a duration of 12.00 years and convexity of 183.20. The bond currently sells at a yield to maturity of 7.25%. 2. Find the exact dollar price of the bond if its yield to maturity falls to 6.25%. Bond price (rounded to nearest cent) b. Assume that you need to make a quick approximation using the duration rule (Instead of the exact calculation in part a above). What is the new price as approximated by the duration rule when the yield to maturity falls to 6.25%? Estimated bond price (rounded to nearest cent) c. Assume that you need to make a quick approximation using the duration-with-convexity rule (instead of the exact calculation in part a), #N/A Estimated bond price (rounded to nearest cent) d. Which approximation method is more accurate? (answer check is not provided for this question)