Given the following information, what is the approximate convexity measure for the bond if the yield changes by 90 basis points? Coupon rate 5% YTM 7% Maturity (in years) 5 FV $1,000
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Given the following information, what is the approximate convexity measure for the bond if the yield changes by 90 basis points?
|
Coupon rate |
5% |
|
YTM |
7% |
|
Maturity (in years) |
5 |
|
FV |
$1,000 |
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