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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).)
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).)
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).)
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).)
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