Legal infrastructure to support financial markets

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Reference no: EM131913979

1. Find the convexity of a seven-year maturity, 6.7% coupon bond selling at a yield to maturity of 9.3%. The bond pays its coupons annually. (Do not round intermediate calculations. Round your answer to 4 decimal places.)

Convexity:

2. What is the importance of a legal infrastructure to support financial markets?

3. The concept of value is difficult to capture in our present system of accounting and finance.

Reference no: EM131913979

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