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You own $200,000 market value of Chalk, Inc bonds. The modified duration is 7.1 yrs, convexity is 55 and the coupon is 4.5%. After a

You own $200,000 market value of Chalk, Inc bonds. The modified duration is 7.1 yrs, convexity is 55 and the coupon is 4.5%.

After a fresh round of economic stimulus, rates rise by 0.24% overnight. Using both duration and convexity, what is your best estimate of the new market value of your bond after this change in rates?

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