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Determine the (modified) convexity of 3-year annuity-immediate with $100 level payments when the yield rate is 12%. 2.69 9.26 2.96 9.62 6.92 6.29 D

Determine the (modified) convexity of 3-year annuity-immediate with $100 level payments when the yield rate is 12%. 2.69 9.26 2.96 9.62 6.92 6.29 D Question 19 (Continued from the last question) Let X be the present price of the 3-year annuity-immediate at a yield rate of k%. Choose a correct statement. A) X11.0 X12.1 C) X11.9 > X12.0

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