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Question 11 4 pts Mary Hudson, CFA is a bond analyst of Baker Street Fixed Income Portfolio, a $15 billion fixed income mutual fund specializing in the U.S.fixed income market. John Watson, Ph.D. one of the lead portfolio managers, has tasked Mary to analyze the interest rate sensitivity of a five-year bond issued by Moran Firearms Company. The bond has a coupon rate of 5% and pays coupons semi- annually. The yield to maturity is 6%. The semi-annual Macaulay duration is 8.9434 and the semi-annual convexity is 89.2189. If the yield to maturity falls to 4.5%, what is the predicted price using annual modified duration and annual convexity? Round your answer to two decimal points. Question 11 4 pts Mary Hudson, CFA is a bond analyst of Baker Street Fixed Income Portfolio, a $15 billion fixed income mutual fund specializing in the U.S.fixed income market. John Watson, Ph.D. one of the lead portfolio managers, has tasked Mary to analyze the interest rate sensitivity of a five-year bond issued by Moran Firearms Company. The bond has a coupon rate of 5% and pays coupons semi- annually. The yield to maturity is 6%. The semi-annual Macaulay duration is 8.9434 and the semi-annual convexity is 89.2189. If the yield to maturity falls to 4.5%, what is the predicted price using annual modified duration and annual convexity? Round your answer to two decimal points

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