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A 1 - year bond has an annual coupon rate of 8 . 2 % and makes semiannual coupon payments. At the end of the
A year bond has an annual coupon rate of and makes semiannual coupon payments. At
the end of the year, the bond's par value of $ is repaid. The yield on the bond is compounded semiannually.
Calculate the convexity of the bond and write it with at least decimal places.
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