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Bond X is a premium bond making annual payments. The bond has a coupon rate of 9 . 6 percent, a YTM of 7 .

Bond X is a premium bond making annual payments. The bond has a coupon rate of 9.6 percent, a YTM of 7.6 percent, and has 13 years to maturity. Bond Y is a discount bond making annual payments. This bond has a coupon rate of 7.6 percent, a YTM of 9.6 percent, and also has 13 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 $
853.24
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 $
859.29
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 $
873.24
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 $
922.03

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