Intro A corporate bond with annual coupons has a duration of 5.7 years and a yield to maturity of 5%. Part 1 Attempt 1/5 for 10 pts. Using the duration approximation, what would be the percentage change in the bond's price ( P/P ) if yields increase by 60 basis points? Enter your answer as a decimal number, not a percentage. Intro You have a bond with a modified duration of 14.33 years currently. The convexity of the bond is 152. Part 1 Attempt 1/5 for 10 pts. Assuming the bond's yield changes from 8.8% to 10%, use duration and convexity to determine the approximate percentage change in the bond's price. Enter your answer as a decimal, not as a percentage