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Bond X is a premium bond making annual payments. The bond pays an 8.8 percent coupon has a YTM of 7.2 percent, and has 17

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Bond X is a premium bond making annual payments. The bond pays an 8.8 percent coupon has a YTM of 7.2 percent, and has 17 years to maturity. Bond Y is a discount bond making annual payments. This bond pays a 6.8 percent coupon, has a YTM of 9.2 percent, and also has 17 years to maturity. Assume the interest rates remain unchanged. What do you expect the prices of these bonds to be in eight years? 1) x-$1,091.16 and Y-$840.51 2) x $1,095.65 and Y-$846.65 3) x-$1,101.19 and Y-$854.62 4) X-$1.103.36 and Y-$857.28 5) X-$1.105.65 and Y $901.26 5 6 3

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