A 30-year maturity bond making annual coupon payments with a coupon rate of 9.2% has duration of 10.46 years and convexity of 160.31. The bond currently sells at a yield to maturity of 10%.

e-1. Find the price of the bond if its yield to maturity increases to 11%. e-2. What price would be predicted by the duration rule? e-3. What price would be predicted by the duration-with-convexity rule? e-4. What is the percent error for each rule?