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13. Bond X is a premium bond making semiannual payments. The bond pays a coupon rate of 8 percent, has a YTM of 6 percent,

13. Bond X is a premium bond making semiannual payments. The bond pays a coupon rate of 8 percent, has a YTM of 6 percent, and has 12 years to maturity. The bond has a $1,000 par value.

What is the price of each bond today?

.If interest rates remain unchanged what do you expect the price ofBond X to be for the following years:

In 1 year =

In 2 years=

In 7 years=

In 11 years=

In 12 years=

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