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An investor buys a two-year zero-coupon bond maturing for 1,000 and a four-year zero-coupon bond maturing for 4,000. Both bonds have an effective annual yield

An investor buys a two-year zero-coupon bond maturing for 1,000 and a four-year zero-coupon bond maturing for 4,000.

Both bonds have an effective annual yield of 6%. Compute the modified convexity of the investors holdings.

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