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Riley purchases a 4-year annual coupon bond with a redemption value of 1,000 and a Macaulay duration of 3.6793. Assuming an annual yield rate of

Riley purchases a 4-year annual coupon bond with a redemption value of 1,000 and a Macaulay duration of 3.6793. Assuming an annual yield rate of 5%, what is the modified convexity of Riley's bond

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