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Using excel, plot graphs of the modified duration and convexity versus the note rate c (for 1% c 20%) of a 30 year, fully amortizing,
Using excel, plot graphs of the modified duration and convexity versus the note rate c (for 1% c 20%) of a 30 year, fully amortizing, fixed rate, par mortgage. Annotate cells to show work. Assume that the mortgage never prepays/curtails, nor does it ever default.
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