
Explanation:
Using the duration-convexity approximation formula:
Estimated price change = -(Duration)(Change in yield) + (1/2)(Convexity)(Change in yield)²
= -(10.62)(0.02) + 0.5(91.46)(0.02)² = -0.2124 + 0.018292 = -0.194108 = -19.41%
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