Bond X is a premium bond making annual payments. The bond pays an 9.7 percent coupon, has a YTM of 7.7 percent, and has 14 years to maturity. Bond Y is a discount bond making annual payments. This bond pays a 7.7 percent coupon, has a YTM of 9.7 percent, and also has 14 years to maturity. Assume the interest rates remain unchanged.

Requirement 1:

What are the prices of these bonds today? (Do not include the dollar signs ($). Enter rounded answers as directed, but do not use the rounded numbers in 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 include the dollar signs ($).Enter rounded answers as directed, but do not use the rounded numbers in 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 include the dollar signs ($).Enter rounded answers as directed, but do not use the rounded numbers in 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 include the dollar signs ($).Enter rounded answers as directed, but do not use the rounded numbers in 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 include the dollar signs ($).Enter rounded answers as directed, but do not use the rounded numbers in 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 14 years? (Do not include the dollar signs ($).Enter rounded answers as directed, but do not use the rounded numbers in intermediate calculations.)

	Prices
Bond X	$
Bond Y	$