4. Here are the prices of three bonds with 10-year maturities: Bond Coupon (%) Price (%) 2...

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4. Here are the prices of three bonds with 10-year maturities:

Bond Coupon (%) Price (%)

2 81.62 4 98.39 8 133.42 If coupons are paid annually, which bond offered the highest yield to maturity?

Which had the lowest? Which bonds had the longest and shortest durations?

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Principles Of Corporate Finance

ISBN: 9780071314176

10th Global Edition

Authors: Richard Brealey

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