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Bond X is a premium bond making annual payments. The bond pays a 9% coupon, has a YTM of 7%, and has 13 years to

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Bond X is a premium bond making annual payments. The bond pays a 9% coupon, has a YTM of 7%, and has 13 years to maturity. Bond Y is a discount bond making annual payments. This bond pays a 7% coupon, has a YTM of 9% and also has 13 years to maturity. If interest rates remain unchanged, what do you expect the price of these bonds to be one year from now? In three years? In eight years? In 12 years? In 13 years? (Do not round intermediate calculations. Round the final answers to 2 decimal places. Omit $ sign in your response.) Price of Bond Y Time to maturity Price of Bond X $ $ One year $ $ Three years $ $ Eight years $ $ 12 years $ $ 13 years

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