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The current price of 30-year Treasury bond is $1,055. The bond's Macaulay Duration - 12.5 years. The bond's convexity = 48.5 years2 The bond's current

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The current price of 30-year Treasury bond is $1,055. The bond's Macaulay Duration - 12.5 years. The bond's convexity = 48.5 years2 The bond's current yield to maturity is 4.0% Use the convexity correction formula to find the price of the bond if rates DECREASE by 1.5%. $1,255.8 O $1,250.5 $870.1 $1.245.2 $864.8

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