A 5.1% coupon bearing bond that pays interest semi-annually has a yield to maturity of 5.7% per year. This bond has a duration of 13.2 years and a convexity of 111. If the market yield decreases 72 basis points, calculate an estimate of the percent price change due to both duration and convexity. (Answer to the nearest hundredth of a percent, i.e. 1.23 but do not use the % sign). THE CORRECT ANSWER IS 9.53; HOW WAS THIS ANSWER OBTAINED? Please show all steps.