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Based on an annual effective interest rate of 5%, the Macaulay duration of a particular investment is 7.13 and the convexity of this investment is

Based on an annual effective interest rate of 5%, the Macaulay duration of a particular investment is 7.13 and the convexity of this investment is 575.42. Given P(0.05) = $4,302, estimate the present value of this investment if the interest rate increases by 50 basis points.

Pls show all work so that i can understand

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