Problem 3-15 Prices and yields

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

Bond Coupon (%)	Price (%)
2	83.00
4	102.00
8	133.00

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
2	%
4	%
8	%

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

Bond Coupon (%)	Duration
2	years
4	years
8	years