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Bond X has a premium bond making semiannual payments. The bond pays a coupon of 12 percent, has a YTM of 10 percent, and has

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Bond X has a premium bond making semiannual payments. The bond pays a coupon of 12 percent, has a YTM of 10 percent, and has 18 years to maturity. Bond Y is a discount bond making semiannual payments. This bond pays a coupon of 10 percent, has a YTM of 12 percent, and also has 18 years to maturity: Both bonds have a par value of $1,000. What is the price of each bond today? If interest rates remain unchanged, what do you expect the price of these bonds to be 1 year from now? In 7 years? In 12 years? In 16 years? In 18 years? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)

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