Bond's duration is 7.62 and it's YTM is 6. It's current price is $1192.03. Convexity is 123.7. If the price increases by 1.51% the new price (dollar amount) should be ... % Change in Price = - (Maculay Duration* Yield change)/(1+ Periodic YTM) + (0.5*Convexity* Yield change^2)