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A $ 2 , 0 0 0 7 % three - year bond has semiannual coupons and redemption amount $ 2 , 2 2 5
A $ threeyear bond has semiannual coupons and redemption amount
$ It is purchased to provide the investor with a annual effective yield.
Find the Macaulay convexities and Also
compute the modified convexity
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