Question: You are looking at purchasing a 30 year bond with a modified duration of 12.1874, and a convexity of 245.3451. If the bonds current yield

You are looking at purchasing a 30 year bond with a modified duration of 12.1874, and a convexity of 245.3451. If the bonds current yield is 8%, with a price of $662.27, what percent change in price would you expect for an interest rate increase of 1.5%?

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