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A 30 year maturity bond making annual coupon payments with a coupon rate of 12.3% has duration of 9.55 years and convexity of 133.7. The

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A 30 year maturity bond making annual coupon payments with a coupon rate of 12.3% has duration of 9.55 years and convexity of 133.7. The bond currently sells at a yield to maturity of 11%. .. Find the price of the bond if its yield to maturity falls to 10%. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Price of the bond b. What price would places.) predicted by the duration rule? (Do not round intermediate calculations. Round your answer to 2 decimal Predicted price c. What price would be predicted by the duration with convexily rule? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

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