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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. -0.0375 b. -1.0375% c. + 0.0325% d. +0.0375 e. -0.0325%

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