Question: The 1 - year, 2 - year, and 3 - year par rates are 4 . 6 3 % , 4 . 4 2 %

"The 1-year, 2-year, and 3-year par rates are 4.63%,4.42% and 4.31% respectively
a. Price a 5.2%3-year bond that pays annual coupons
b. Use the effectuve duration and effective convexity to find the percentage change in the bonds price is the par rate is shifted upwards by 50 bp "

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