Bond X is a premium bond making semiannual payments. The bond has a coupon rate

of 9.6 percent, a YTM of 7.6 percent, and has 13 years to maturity. Bond Y is a discount

bond making semiannual payments. This bond has a coupon rate of 7.6 percent, a YTM

of 9.6 percent, and also has 13 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? (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? (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? (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? (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? (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 13 years? (Do not round

intermediate calculations.)