A corporate bond with an 8% annual pay coupon matures in exactly 12 years. The bond is currently yielding 6.8% and is currently callable at a price of 112. The effective duration and convexity of this bond for a 50 basis point change in rates are: 5.95 and -327.47 4.56 and -378.98 6.98 and 367.98 4.98 and -328.09 A corporate bond with an 8% annual pay coupon matures in exactly 12 years. The bond is currently yielding 6.8% and is currently callable at a price of 112. The effective duration and convexity of this bond for a 50 basis point change in rates are: 5.95 and -327.47 4.56 and -378.98 6.98 and 367.98 4.98 and -328.09