You have just purchased $1,000,000 in face value of the February 15, 2049 3.00% Treasury bond at

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You have just purchased $1,000,000 in face value of the February 15, 2049 3.00% Treasury bond at an agreed upon price of 116.086 to settle on October 22, 2019. The bond pays interest twice a year on February 15 and August 15.

What is the effective convexity of the bond?

Related Book For answer-question

Fundamentals of Financial Accounting

ISBN: 978-0078025914

5th edition

Authors: Fred Phillips, Robert Libby, Patricia Libby

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Posted Date: Nov 14, 2023 12:56 AM

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You have just purchased $1,000,000 in face value of the February 15, 2049 3.00% Treasury bond at

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Face value of bond 1000000 Coupon rate 3 Coupon payment 003 1000000 30000 s... View the full answer

Fundamentals of Financial Accounting

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