Question: Given a $100 par value bond with a coupon rate of 6% paying semiannually, a term to maturity of 5 years, and an initial yield

Given a $100 par value bond with a coupon rate of 6% paying semiannually, a term to maturity of 5 years, and an initial yield of 4%. What is the approximate convexity using the shortcut formula by changing yields by 10 basis points? show your formula and calculations

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