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Assume coupons are paid annually. Here are the prices of three bonds with 10-year maturities....

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Finance

Assume coupons are paid annually. Here are the prices of three bonds with 10-year maturities. Assume face value is $100.

Bond Coupon (%) Price (%)
2 81.20
4 97.91
8 134.02

a. What is the yield to maturity of each bond? b. What is the duration of each bond?

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