A 30-year maturity bond making annual coupon payments with a coupon rate of 12.5% has duration of 9.54 years and convexity of 133.35. The bond currently sells at a yield to maturity of 11%.

a.	Find the price of the bond if its yield to maturity falls to 10% or rises to 12%. (Round your answers to 2 decimal places. Omit the "$" sign in your response.)

Yield to maturity of 10%	$
Yield to maturity of 12%	$

b.	What prices for the bond at these new yields would be predicted by the duration rule and the duration-with-convexity rule? (Round your answers to 2 decimal places. Omit the "$" sign in your response.)

	Duration Rule	Duration-with- convexity Rule
YTM falls to 10%	$	$
YTM increases to 12%	$	$

c.	What is the percentage error for each rule? (Negative answers should be indicated by a minus sign. Round your answers to 2 decimal places. Omit the "%" sign in your response.)

	Duration Rule	Duration-with- convexity Rule
Percent error for 10% YTM	%	%
Percent error for 12% YTM	%	%