Consider a bond selling at par with modified duration of 10.6 years and convexity of 210. A 2% decrease in

Consider a bond selling at par with modified duration of 10.6 years and convexity of 210. A 2% decrease in yield would cause the price to increase by 21.2%, according to the duration rule. What would be the percentage price change according to the duration-with-convexity rule


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