EXTRA CREDIT**********WORTH 10 POINTS (MANUAL GRADING) A bon…
EXTRA CREDIT**********WORTH 10 POINTS (MANUAL GRADING) A bond with a face value of $1,000 has 4 years to maturity and pays annual coupons with a coupon rate of 5.9%. The yield to maturity is 8%. What is the convexity of this bond? (Answer in xx.xxx format)
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