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2. Using a graph, please explain what duration and convexity mean. Rubric: Graph is 10 points, Explanution is 10 points 3. Compute the PVBP, MeCauley's

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2. Using a graph, please explain what duration and convexity mean. Rubric: Graph is 10 points, Explanution is 10 points 3. Compute the PVBP, MeCauley's Duration and Modified Duration for the following bonds. Settlement date is September 29, 2017. Explain why the duration differs (if any) for bonds with the same maturity date. 2. Using a graph, please explain what duration and convexity mean. Rubric: Graph is 10 points, Explanution is 10 points 3. Compute the PVBP, MeCauley's Duration and Modified Duration for the following bonds. Settlement date is September 29, 2017. Explain why the duration differs (if any) for bonds with the same maturity date

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