Question: A 9 year maturity AAA rated corporate bond has a 6% coupon rate. the bond's yield to maturity is currently 5.75%. The bond pays interest

A 9 year maturity AAA rated corporate bond has a 6% coupon rate. the bond's yield to maturity is currently 5.75%. The bond pays interest semiannually and has an annual duration of 7.1023 years.

a) What is the bond's convexity? using approximation formula

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