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Assume coupons are paid annually. Here are the prices of three bonds with 10-year maturities: Bond Coupon (%) Price (%) 7 89.50 9 108.50 10

Assume coupons are paid annually. Here are the prices of three bonds with 10-year maturities:

Bond Coupon (%) Price (%)
7 89.50
9 108.50
10 139.50

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
7 %
9 %
10 %

b. What is the duration of each bond? (Do not round intermediate calculations. Round your answers to 2 decimal places.)

Bond Coupon (%) Duration
7 years
9 years
10

years

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