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The Clarence Corporation has issued bond that pay semiannually with the following characteristics: CouponYieldtoMaturity7%Maturity7%15 Required: a. Calculate modified duration and convexity using the information provided.

The Clarence Corporation has issued bond that pay semiannually with the following characteristics: CouponYieldtoMaturity7%Maturity7%15 Required: a. Calculate modified duration and convexity using the information provided. (10 marks)

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