Assume coupons are paid annually. Here are the prices of three bonds with 10-year maturities. Assume face value is $100.

Bond Coupon (%) Price (%)

3 87.50

5 106.50

9 137.50

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.)

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