You find a bond with 26 years until maturity that has a coupon rate of 8.5 percent and a yield to maturity of 8 percent. Suppose the yield to maturity on the bond increases by 0.25 percent. a. What is the new price of the bond using duration and using the bond pricing formula? Note: Do not round intermediate calculations. Round your answers to 2 decimal places. Estimated price Actual price b. Now suppose the original yield to maturity is increased by 1 percent. What is the new price of the bond? Note: Do not round intermediate calculations. Round your answers to 2 decimal places. Estimated price Actual price