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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 80.92
4 97.59
8 134.42
  1. What is the yield to maturity of each bond?
  2. What is the duration of each bond?

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