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use of financial calculator is only permitted NO EXCEL NO AI and explain steps MUST BE HANDWRITTEN GE has an outstanding bond issue that is

use of financial calculator is only permitted NO EXCEL NO AI and explain steps MUST BE HANDWRITTEN

GE has an outstanding bond issue that is currently selling for $110.21 to yield 6.59%. The bond pays a semi-annual coupon of 8% and will mature in 10 years. Find the convexity of this bond using the approximate convexity formula. (You may use 10 basis point change in yield to approximate the convexity). Also find approximate duration.

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