A 30-year maturity bond making annual coupon payments with a coupon rate of 9.5% has duration of 13.53 years and convexity of 258.03. The bond currently sells at a yield to maturity of 6%.

a.	Find the price of the bond if its yield to maturity falls to 5% or rises to 7%. (Round your answers to 2 decimal places. Omit the "$" sign in your response.)

Yield to maturity of 5%	$
Yield to maturity of 7%	$

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 5%	$	$
YTM increases to 7%	$	$