The modified duration of the bond is 1126 years and its

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The bond has a 30-year maturity, an 8% coupon, and sells at an initial yield to maturity of 8%.  The modified duration of the bond is 11.26 years, and its price change is -18.27%.  Assuming that the bond's yield increases from 8% to 10%, what is the "Convexity" of this bond?

Reference no: EM13481367

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