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A bond with a maturity of 3 years and a NAV of 1000 gives right to an annual coupon of 7.5% (the frequency of capitalizations

A bond with a maturity of 3 years and a NAV of 1000 gives right to an annual coupon of 7.5% (the frequency of capitalizations is annual). This bond offers a yield to maturity of 8.50% (required rate):

Calculate the convexity of this bond

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