You found, using 2nd order approximation (i.e. with convexity correction), that Bond A has the following volatilities : 1. If YTM increases by 3%, the price will decrease by 16.11% 2. If YTM decreases by 2%, the price will increase by 12.84% Please, find the bond's volatility in response to a 1% decrease in yields. Use 2nd order approximation. Express your answer as a percentage with 3 digits after the decimal point, but omit the % sign.