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A bond is currently trading for 96.50 per $100 of par value. If the YTM rises by 10bps, the price will fall by 0.018. If

  1. A bond is currently trading for 96.50 per $100 of par value. If the YTM rises by 10bps, the price will fall by 0.018. If the YTM falls by 10 bps, the price will rise by 0.028.

What is the bond's approximate convexity?

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