investment finance – You have a 25-year maturity, 10.7% coupon, 10.7% yield bond with

investment finance – You have a 25-year maturity, 10.7% coupon, 10.7% yield bond with

You have a 25-year maturity, 10.7% coupon, 10.7% yield bond with a duration of 10 years and a convexity of 136.2. If the interest rate were to fall 132 basis points, your predicted new price for the bond (including convexity) is _________.

	$1,107.33
	$1,131.10
	$1,119.20
	$1,090.33PLEASE EXPLAIN***

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