BrainzOli9687 BrainzOli9687
  • 06-03-2024
  • Business
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Riley purchases a 4-year annual coupon bond with a redemption value of $1,000 and a Macaulay duration of 3.6793. Assuming an annual yield rate of 5%, what is the modified convexity of Riley's bond?
a) 3.15
b) 3.45
c) 3.75
d) 3.95

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