9. What is convexity (in words)? 10. Why do investors tend to prefer more convexity? 11. What are the primary factors influencing a bond's convexity? What is the relation between each of these factors and convexity? 12. How can we immunize against changes in interest rates? What does immunization imply about our expected rate of return? How about our realized rate of return? 13. What are the advantages and disadvantages of using immunization to hedge against interest rate changes? 14. What hedging techniques other than immunization can you use if you want to avoid interest rate risk? 9. What is convexity (in words)? 10. Why do investors tend to prefer more convexity? 11. What are the primary factors influencing a bond's convexity? What is the relation between each of these factors and convexity? 12. How can we immunize against changes in interest rates? What does immunization imply about our expected rate of return? How about our realized rate of return? 13. What are the advantages and disadvantages of using immunization to hedge against interest rate changes? 14. What hedging techniques other than immunization can you use if you want to avoid interest rate risk