Question You are given the following with respect to a five-year option-free bond: i) Annual coupons of (2+t)% are paid at the end of year t. ii) Par value is 1,000. iii) The yield to maturity is 5.50%. Calculate the convexity of this five-year annual coupon bond. Possible Answers A 24.27 B 25.37 26.47 D 27.57 E 28.67