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A 30-year $1000 par bond has 20 years left to maturity and pays a 9% semiannual-pay coupon. The yield to maturity is currently 12%. What

A 30-year $1000 par bond has 20 years left to maturity and pays a 9% semiannual-pay coupon. The yield to maturity is currently 12%. What is the bond's convexity measure in years?

45,267.81

11,316.95

113.17

103.29

14.62

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