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If the Macaulay Duration of the Bond is 7.7 semi annual year and semi annual yield is 5%. The convexity is 86, what is the
If the Macaulay Duration of the Bond is 7.7 semi annual year and semi annual yield is 5%. The convexity is 86, what is the % change in the price of the bond for a semi annual yield increase in yield taking convexity into consideration (1bps = 1%)
a. 73.7633
b. + or - 73.33
c. -73.7633
d. -72.9033
e. -73.33
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