Question
A $10,000 bond that pays annual coupons at 4% redeems at par in exactly 4 years from now. Calculate the Convexity, if the yield to
A $10,000 bond that pays annual coupons at 4% redeems at par in exactly 4 years from now. Calculate the Convexity, if the yield to maturity is currently 4%.
Express your answers in two decimal places
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Managerial Accounting
Authors: Ray H Garrison, Alan Webb, Theresa Libby
11th Canadian Edition
1259275817, 978-1259275814
