Question: Please help me with the question below with detailed steps, thank you! Question 5. A common stock pays dividends at the cnd of cach year.
Please help me with the question below with detailed steps, thank you!

Question 5. A common stock pays dividends at the cnd of cach year. It is assumed that cach dividend is 4% greater than the prior dividend and the effective rate of interest is 8%. Find the convexity of this common stock. Hint: 1250
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