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Assume coupons are paid annually. Here are the prices of three bonds with 10-year maturities: Price (96) 82.50 101.50 132.50 Bond Coupon (%) 3 9

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Assume coupons are paid annually. Here are the prices of three bonds with 10-year maturities: Price (96) 82.50 101.50 132.50 Bond Coupon (%) 3 9 a. What is the yield to maturity of each bond? (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places Bond Coupon (%) YTM 2 0 0 9 b. What is the duration of each bond? (Do not round intermediate calculations. Round your answers to 2 decimal places.) Bond Coupon (%) Duration 2 years years years 9

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