A newly issued bond has a maturity of 5 years and pays a 5% coupon rate (with annual coupon payments). The bond sells at par value of $1,000. What is the duration of the bond? Find the actual price of the bond assuming that its yield to maturity immediately increases from 5% to 5.5% (with maturity still 5 years). What price would be predicted by the duration rule? What price would be predicted by the duration-with-convexity rule? (The convexity of the bond is 23.9360)