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Calculate the Macaulay duration and Macaulay convexity for a perpetuity making annual end of the year level payments under 7.1% interest. What is the approximate

Calculate the Macaulay duration and Macaulay convexity for a perpetuity making annual end of the year level payments under 7.1% interest. What is the approximate % decline in the market value of the perpetuity if the annual effective interest rate increases by 20 basis points?

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