You find a bond with 22 years until maturity that has a coupon rate of 7.0 percent and a yleld to maturity of 5.5 percent. Suppose the yleld to maturity on the bond increases by .25 percent. a. What is the new price of the bond using duration and using the bond pricing formula? (Do not round intermediate calculations. Round your answers to 2 decimal places.) Answer is complete and correct. b. Now suppose the original yleld to maturity is increased by 1 percent. What is the new price of the bond? (Do not round intermediate calculations. Round your answers to 2 decimal places.) Answer is complete but not entirely correct