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A 30-year maturity bond making annual coupon payments with a coupon rate of 12% has duration of 1154 years and convexity of 1924 The bond

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A 30-year maturity bond making annual coupon payments with a coupon rate of 12% has duration of 1154 years and convexity of 1924 The bond currently sells at a yield to maturity of 8% d-1. What is the percent error for each rule? (Enter your answers as positive values. Do not round intermediate calculations, Round Duration Rule" to 2 decimal places and "Duration-with-Convexity Rule" to 3 decimal places.) Percent Error Duration Rule Duration with Convexity Rule incos YTM 7% e-2. What price would be predicted by the duration rule? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Predicted price I e-3. What price would be predicted by the duration with convexity rule? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Predicted price

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