Repeat the calculations by entering assumed prices of 90, 100, and 110, then answer the following questions:

a. What are the duration and the convexity for the bond at the each of the prices?

b. Is the bond price more or less sensitive to interest rates at higher prices relative to lower ones? How does convexity change as the price changes? Is the change in convexity symmetrical? That is, as the price decreases by $10 (from 100 to 90) and increases by $10 (from 100 to 110), are the changes in convexity equal but opposite in sign?

LO.1