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Assume coupons are paid annually. Here are the prices of threebonds 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 answersas 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 answersto 2 decimal places.)

Bond Coupon (%) Duration
7 years
9 years
10 years

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Jean Keeling
Jean KeelingLv2
28 Sep 2019

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