It is December 29, 2017. You have a $10,000 semi-annual bond with a coupon rate of 13.000% which matures March 28, 2035. The bond is priced to yield 12.750%, the duration is 7.11 years, and the convexity is 75.43 years squared.

Using a duration estimate only, we predict that if market yields decrease by 100 basis points then the price of this bond will increase by

: %

The convexity correction is calculated as %

So the total increase in price is predicted to be %