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It is May 18, 2017. You have a $10,000 semi-annual bond with a coupon rate of 10.375% which matures May 5, 2044. The bond is priced to yield 13.500%, the duration is 7.81 years, and the convexity is 99.87 years squared. Using a duration estimate only, we predict that if market yields increase by 50 basis points then the price of this bond will decrease by % (percent, rounded three places after the decimal)

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It is May 18, 2017. You have a $10,000 semi-annual bond with a coupon rate of 10.375% which matures...
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