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Bond x is a premium bond making semiannual payments. The bond has a coupon rate of 9 . 7 percent, a YTM of 7 .

Bond x is a premium bond making semiannual payments. The bond has a coupon rate of 9.7 percent, a YTM of 7.7 percent, and has 14 years to maturity. Bond Y is a discount bond making semiannual payments. This bond has a coupon rate of 7.7 percent, a YTM of 9.7 percent, and also has 14 years to maturity. Assume the interest rates remain unchanged and both bonds have a par value of $1,000.
a. What are the prices of these bonds today?
Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.
b. What do you expect the prices of these bonds to be in one year?
Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.
c. What do you expect the prices of these bonds to be in three years?
Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.
d. What do you expect the prices of these bonds to be in eight years?
Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g.,32.16.
e. What do you expect the prices of these bonds to be in 12 years?
Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g.,32.16.
f. What do you expect the prices of these bonds to be in 14 years?
Note: Do not round intermediate calculations.
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