Estimate the first and second order price changes for a bond that has a duration of 6.96, a convexity of 57 and presently yields 8% if interest rates at all parts of the yield curve fall by 5% per annum.

1. Insufficient information to compute
2. 32.25% and 39.38%
3. 36.25% and 39.38%
4. 32.25% and 44.87%
5. 36.25% and 44.87%