An Italian bank holds a large position in a 7.25% annual coupon payment corporate bond that matures on 4 April 2029. The bond's yield-to-maturity is 7.44% for settlement on 27 June 2014, stated as an effective annual rate. That settlement date is 83 days into the 360-day year using the 30/360 method of counting days. 2. Calculate the full price of the bond per 100 of par value. Full price of the bond:_____ 3. Calculate the approximate modified duration and approximate convexity using a 0.01% increase and decrease in the YTM. Approximate modified duration ______ Approximate convexity: _____ 4. Calculate the estimated percentage price change using only the modified duration and using a 100 bp(1%) increase in the YTM. 5. Calculate the estimated convexity-adjusted percentage price change resulting from a 100 bp(1%) increase in the YTM