Problem 11-24 A 33-year maturity bond making annual coupon payments with a coupon rate of 11% has duration of 10.3 years and convexity of 190.8. The bond currently sells at a yield to maturity of 10% Required (a) Find the price of the bond if its yield to maturity falls to 9% or rises to 11%. (Round your answers to 2 decimal places. Omit the "$" sign in your response.) Yield to maturity of 9% Yield to maturity of 11% (b) What prices for the bond at these new yields would be predicted by the duration rule and the duration- with-convexity rule? (Round your answers to 2 decimal places. Omit the "S" sign in your response.) Duration-with- convexity rule Duration rule YTM falls to 9% YTM increases to 11% $ (c) What is the percent error for each rule? (Round your answers to 3 decimal places. Omit the "%". sign in your response.) Duration-with- convexity rule Duration rule Percent error for 9% YTM Percent error for 11% YTM (d)What do you conclude about the accuracy of the two rules? Click to select