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Find the convexity of a seven-year maturity, 6.5% coupon bond selling at a yield to maturity of 8.8%. The bond pays its coupons annually. (Do

Find the convexity of a seven-year maturity, 6.5% coupon bond selling at a yield to maturity of 8.8%. The bond pays its coupons annually. (Do not round intermediate calculations. Round your answer to 4 decimal places.)

This is my work, and my answer was incorrect. I used excel. Please help me!

Time Cash Flow PV(CF) t+(t^2) (t+t^2) * PV(CF)
1.00 65 59.74264706 2 119.4852941
6.50% 2.00 65 54.91052119 6 329.4631272
8.80% 3.00 65 50.46922904 12 605.6307485
7.00 4.00 65 46.38715904 20 927.7431809
883.46 5.00 65 42.63525647 30 1279.057694
6.00 65 39.18681661 42 1645.846298
7.00 1065 590.1295205 56 33047.25315
SUM 883.4611499 37954.47949
50.85496671

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