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A bond portfolio consists of one one-year bond and two two-year bonds, each with 3% annual coupons. The market interest rate is 4%. Which of

A bond portfolio consists of one one-year bond and two two-year bonds, each with 3% annual coupons. The market interest rate is 4%. Which of the following is the convexity of the portfolio? 2.935 3.147 2.437 2.217

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