The following information relates to Questions 7 and 8 : An investor, Bernard Lowe buys a bond with 5 years to maturity. The bond pays an 8% coupon and has a yield to maturity of 7%. Interest on the bond is paid annually. The bond has a par value of R10 000 . 7. The duration of the bond in years is closest to: A. 5 years B. 12 months C. 4.33 years D. 3.70 years E. None of the above 8. The convexity of the bond is closest to A. 23.44 B. 21.54 C. 28.24 D. 5 E. None of the above