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A 1 - year bond has an annual coupon rate of 6 % and makes semiannual coupon payments. At the end of the year, the

A 1-year bond has an annual coupon rate of 6% and makes semiannual coupon payments. At
the end of the year, the bond's par value of $100 is repaid. The yield on the bond is 8.6% compounded semiannually.
Calculate the convexity of the bond and write it with at least 4 decimal places.

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