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If a bond has a convexity of 60 and a modified duration of 10, the convexity adjustment a for a 25 basis point drop in

If a bond has a convexity of 60 and a modified duration of 10, the convexity adjustment a

for a 25 basis point drop in interest rate is closest to:

a.-1.0375%

b.-0.0325%

c.-0.0375

d.+ 0.0325%

e.+0.0375

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