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Bond has 10 years left to maturity, 13% coupon rate, pays interest annually, and has a 7% yield to maturity. If this bond has Macaulay

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Bond has 10 years left to maturity, 13% coupon rate, pays interest annually, and has a 7% yield to maturity. If this bond has Macaulay duration of 6.75 years and the yield to maturity increases by 0.7%, an estimate of the convexity in the bond is: 2.59 1.85 3.78 1.61

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