PLEASE NOTE: THIS QUESTION HAS BEEN POSTED BEFORE BUT A WRONGANSWER WAS PROVIDED. PLEASE DO NOT COPY THAT ANSWER AND PASTE ITHERE AGAIN. I WOULD APPRECIATE A FRESH ATTEMPT. HERE IS THEQUESTION:
'The conclusion is that the more convex bond outperformsthe less convex bond'.
Explain this statement with the help of adiagram. Your answer should include a brief definition of‘convex’ in this context.
