Are we expected to memorize the Convexity formula-or is it normally given… any 1 saw questions requesting to calculating it? Thanks
I don’t think any formulas are given on the exam. IIRC they only give you the probability tables (z scores etc). It’s really not that hard. Similar to duration, but with a quadratic term in it.
by given i meant as a given value like 70…
That’s not a formula