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Assume coupons are paid annually. Here are the prices of three bonds with 10-year maturities. Assume face value is $100. Bond Coupon (%) Price (%)
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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Bakers Health Care Finance Basic Tools For Nonfinancial Managers
Authors: Thomas K. Ross
6th Edition
1284233162, 978-1284233162
