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

Bond Coupon (%)	Price (%)
4	80.50
6	99.50
10	130.50

a.	What is the yield to maturity for each bond?

Bond Coupon (%)	YTM
4	%
6	%
10	%

b.

Which bond offered the highest yield to maturity?

	4% coupon bond
	10% coupon bond
	6% coupon bond

c.

Which bond offered the lowest yield to maturity?

	10% coupon bond
	4% coupon bond
	6% coupon bond

d-1.

Which bond had the longest duration?

	4% coupon bond
	6% coupon bond
	10% coupon bond

d-2.

Which bond had the shortest duration?

	4% coupon bond
	6% coupon bond
	10% coupon bond