1, 5 and 10 year semi-annual compounded spot rates are currently 1.0%, 2.0% and 2.5%. A hedge fund has the following portfolio:

o Long $200M par, 1-year zeros

o Short $500M par, 5 year zeros

o Long $450M par, 10 year zeros

Calculate the market value, duration and convexity of this portfolio (use calculus, or, the numerical approach with i=0.001)