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*I need an answer by the end of the day!* *Please show all work* The answer is: 2.65/(1+i)^.5 A bond has Macaulay duration D (

*I need an answer by the end of the day!*

*Please show all work*

The answer is: 2.65/(1+i)^.5

A bond has Macaulay duration

D(i, ) = 5.8

and Macaulay convexity

C(i, ) = 1.2.

Determine

C(i, 4)

as a function of i.

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