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Bond x is a premium bond making semiannual payments. The bond pays a coupon rate of 1 1 percent, has a YTM of 9 percent,

Bond x is a premium bond making semiannual payments. The bond pays a coupon rate
of 11 percent, has a YTM of 9 percent, and has 17 years to maturity. Bond Y is a discount
bond making semiannual payments. This bond pays a coupon rate of 9 percent, has a
YTM of 11 percent, and also has 17 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 12 years?
In 14 years? In 17 years? (Do not round intermediate calculations and round your
answers to 2 decimal places, e.g.,32.16.)
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