Consider a 5% coupon bond maturing in 5 years. The current yield to maturity is 5% and coupons are paid annually. Compute the actual price change (in %) and the approximated price change using the duration formula if interest rates increase to 6%.

4.27%; 4.55%

-4.21%;-4.55%

-5%;-4.55%

-4.21%;-4.33%

-4.27%;-4.33%