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10 pts Question 1 Angela and Pam are each asked to calculate the convexity of a 3-year zero coupon bond. Angela calculates the modified convexity

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10 pts Question 1 Angela and Pam are each asked to calculate the convexity of a 3-year zero coupon bond. Angela calculates the modified convexity and gets the answer, A, while Pam calculates the Macaulay convexity and gets the answer, P. Both Angela and Pam used an annual effective interest rate of 10%. Calculate the ratio, P/A. less than or equal to 0.8 greater than 0.8, but less than or equal to 0.9 greater than 0.9, but less than or equal to 1.0 greater than 1.0, but less than or equal to 1.1 greater than

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