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Bond X is a premium bond making semiannual payments. The bond pays a 9.9 percent coupon, has a YTM of 7.9 percent, and has 16

Bond X is a premium bond making semiannual payments. The bond pays a 9.9 percent coupon, has a YTM of 7.9 percent, and has 16 years to maturity. Bond Y is a discount bond making semiannual payments. This bond pays a 7.9 percent coupon, has a YTM of 9.9 percent, and also has 16 years to maturity. Assume the interest rates remain unchanged both bonds have a par value of 1000 two part question what would they be If interest rates remain unchanged, what do you expect the price of these bonds to be one year from now? In three years? In eight years? In 12 years? In 16 years?

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