Bond X is a premium bond making semiannual payments. The bond pays a coupon rate of 9 percent, has a YTM of 7 percent, and has 19 years to maturity. Bond Y is a discount bond making semiannual payments. This bond pays a coupon rate of 7 percent, has a YTM of 9 percent, and also has 19 years to maturity. The bonds have a $1,000 par value. What is the price of each bond today? If interest rates remain unchanged, what do you expect the price of these bonds to be one year from now? In nine years? In 14 years? In 18 years? In 19 years?

\begin{tabular}{|l|l|l|} \hline \multicolumn{1}{|c|}{ Price of bond } & Bond X & Bond Y \\ \hline Today & & \\ \hline In one year & & \\ \hline In nine years & & \\ \hline In 14 years & & \\ \hline In 18 years & & \\ \hline In 19 years & & \\ \hline \end{tabular}