2. Answer the following questions about convexity of coupon bonds. Briefly explain each answer. Hint: Review the arguments concerning the analogous properties for duration A. If two bonds are identical except one has a higher coupon, which has the higher convexity? B. If two bonds have the same coupon rate but one is $1m par and the other is $10m par, which has the higher convexity? C. What is the effect of an increase in yield on convexity? D. Does convexity always increase with maturity