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

Bond X is a premium bond making semiannual payments. The bond has a coupon rate of 9.9 percent, a YTM of 7.9 percent, and has 16 years to maturity. Bond Y is a discount bond making semiannual payments. This bond has a coupon rate of 7.9 percent, a YTM of 9.9 percent, and also has 16 years to maturity. Assume the interest rates remain unchanged and both bonds have a par value of $1,000.
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.
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.
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.
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.
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.
What do you expect the prices of these bonds to be in 16 years?

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