Percentage change in the bond’s price

As a financial analyst at Wells Fargo, you are analyzing how the change in yield impacts the bond price. A bond has a duration of 11 years, a yield of 10%, a convexity of 140, and a market price of $1,000. Suppose the market yield increases by 60 basis points. What is the percentage change in the bond’s price by the duration only formula? What is the bond price after the yield change predicted by the duration only What is the percentage change in the bond’s price predicted by the duration with convexity What is the bond price after the yield change predicted by the duration with convexity formula?

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