1. Is Convexity a "positive" characteristic of a bullet security's price/yield relationship? Why? (explain in 2-3 bullet points)

2. What bond feature would result in a bond having negative convexity? (2-3 word answer)

3. Modified Duration is a measure of ________________ . (finish the sentence - answer is not one word)

4. Longer bonds generally have _________ durations. (longer or shorter)