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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 (%) 3 5

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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 (%) 3 5 10 Price (%) 89.00 108.00 139.00 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 3 4.34% 5 4.04% 10 5.10 % b. What is the duration of each bond? (Do not round intermediate calculations. Round your answers to 2 decimal places.) Duration Bond Coupon (%) 3 5 8.73 years 8.17 years 7.19 years 10

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