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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 (%)

2 80.29

4 96.87

8 135.32

a. What is the yield to maturity of each bond?

b. What is the duration of each bond?

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