Just solve 7

Use the following information for Questions 3-8 below. Consider a bond with the following features and a hypothetical settlement date of 10 October 2019. Annual Coupon 5% Coupon Payment Frequency Semiannual Interest Payment Dates 30 December and 30 June Maturity Date 30 December 2020 Day-Count Convention 30/360 Annual Yield-to-Maturity You want to calculate the bond's Macauley duration using the following table: 6% Time to Receipt Cash Flow Present Value Weight Time x Weight Period 1 2 3 X 3. What is the value of "X" in this table? Round your answer to three decimal places. 7. What is the bond's approximate convexity assuming a 10 bp change in its annual yield-to- maturity? Round to three decimal places. Use the following information for Questions 3-8 below. Consider a bond with the following features and a hypothetical settlement date of 10 October 2019. Annual Coupon 5% Coupon Payment Frequency Semiannual Interest Payment Dates 30 December and 30 June Maturity Date 30 December 2020 Day-Count Convention 30/360 Annual Yield-to-Maturity You want to calculate the bond's Macauley duration using the following table: 6% Time to Receipt Cash Flow Present Value Weight Time x Weight Period 1 2 3 X 3. What is the value of "X" in this table? Round your answer to three decimal places. 7. What is the bond's approximate convexity assuming a 10 bp change in its annual yield-to- maturity? Round to three decimal places