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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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