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What is the convexity of a bond that pays $50 the first year and $25 the second year with a yield of 5% a. 1.97

What is the convexity of a bond that pays $50 the first year and $25 the second year with a yield of 5%

a. 1.97

b. 1.85

c. 2.13

d. None of the above

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