Bond X is a premium bond making annual payments. The bond has a coupon rate of 8.6 percent, a YTM of 6.6 percent, and has 19 years to maturity. Bond Y is a discount bond making annual payments. This bond has a coupon rate of 6.6 percent, a YTM of 8.6 percent, and also has 19 years to maturity. Assume the interest rates remain unchanged.

Requirement 1:

What are the prices of these bonds today? (Do not round intermediate calculations. Round your answers to 2 decimal places (e.g., 32.16).)

	Prices
Bond X	$
Bond Y	$

Requirement 2:

What do you expect the prices of these bonds to be in one year? (Do not round intermediate calculations. Round your answers to 2 decimal places (e.g.,32.16).)

	Prices
Bond X	$
Bond Y	$

Requirement 3:

What do you expect the prices of these bonds to be in three years? (Do not round intermediate calculations. Round your answers to 2 decimal places (e.g.,32.16).)

	Prices
Bond X	$
Bond Y	$

Requirement 4:

What do you expect the prices of these bonds to be in eight years? (Do not round intermediate calculations. Round your answers to 2 decimal places (e.g.,32.16).)

	Prices
Bond X	$
Bond Y	$

Requirement 5:

What do you expect the prices of these bonds to be in 12 years? (Do not round intermediate calculations. Round your answers to 2 decimal places (e.g., 32.16).)

	Prices
Bond X	$
Bond Y	$

Requirement 6:

What do you expect the prices of these bonds to be in 19 years? (Do not round intermediate calculations.)

	Prices
Bond X	$
Bond Y	$