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You have just purchased $ 1 , 0 0 0 , 0 0 0 in face value of the February 1 5 , 2 0

You have just purchased $1,000,000 in face value of the February 15,20493.00% Treasury bond at an agreed upon price of 116.086 to settle on October 22,2019. The bond pays interest twice a year on February 15 and August 15. What is the effective convexity of the bond?
A)20.15
B)20.38
C)517.24
D)29.32
CORRECT ANSWER=517.24 BUT HOW?

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