JUST B & C

A $30-$year maturity bond making annual coupon payments with a coupon rate of $15\mathrm{.}5\%$ has duration of $10\mathrm{.}58$ years and convexity of

$162\mathrm{.}6.$ The bond currently sells at a yield to maturity of $9\%.$

Required:

b$.$ What price would be predicted by the duration rule, if its yield to maturity falls to $8\%?($Do not round intermediate calculations.

Round your answer to $2$ decimal places.$)$

Predicted price

c$.$ What price would be predicted by the duration$-$with$-$convexity rule, if its yield to maturity falls to $8\%?($Do not round intermediate

calculations. Round your answer to $2$ decimal places.$)$

Predicted price