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8, 256 PM 8. Award: 10.00 points Bond X is a premium bond making semiannual payments. The bond pays a coupon rate of 8 percent,

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8, 256 PM 8. Award: 10.00 points 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 20 years to maturity. Bond Y is a discount bond making semiannual payments. This bond pays a coupon rate of 6 percent, has a YTM of 8 percent, and also has 20 years to maturity. The bonds have a $1,000 par value. What is the price of each bond today? If interest rates remain unchanged, what do you expect the price of these bonds to be one year from now? In six years? In 12 years? In 17 years? In 20 years? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. Price of bond Today In one year In six years In 12 years In 17 years In 20 years Bond X Bond Y Hints Hint#1 Hint #2 References comhmtoutodo-c15SinglePrintViewsingl 52709687101806& ole studen spid 2 estudent&pid 27095270 2950498955,1,102069412 Page 1 of :2

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