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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 (%)
7 82.00
9 101.00
10 132.00
a. What is the yield to maturity of each bond?
b. What is the duration of each bond?
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