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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 (%) 2

Assume coupons are paid annually. Here are the prices of three bonds with 10-year maturities. Assume face value is $100. Bond Coupon (%) 2 4 8 Price (%) 81.06 97.75 134.22 a. What is the yield to maturity of each bond? b. What is the duration of each bond?

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