Bond X is a premium bond making semiannual payments. The bond pays acoupon rate of 10 percent, has a YTM of 8 percent, and has 14 years to maturity. Bond Y is a discount bond making semiannual payments. This bond pays a coupon rate of8 percent, has a YTM of 10 percent, and also has 14 years to maturity. The bonds have a $1,000 par value.

What is the price of each bond today?(Do not round intermediate calculations. Round your answers to 2 decimal places, e.g., 32.16.)

Price of Bond X $____Price of Bond Y $____

If interest rates remain unchanged, what do you expect the price of these bonds to be one year from now? In four years? In nine years? In 13 years? In 14 years?(Do not round intermediate calculations. Round your answers to 2 decimal places, e.g., 32.16.)

Price of bond Bond XBond Y

One year $______ $ ______

Four years $______ $______

Nine years $ ______ $______

13 years $______ $______

14 years $______ $______