Bond X is a premium bond making semiannual payments. The bond pays a 11 percent coupon, 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 9 percent coupon, has a YTM of 11 percent, and also has 17 years to maturity.

A) What is the price of each bond today?

B) If interest rates remain unchanged, what do you expect the price of these bonds to be one year from now? In nine years? In fourteen years? In 14 years? In 17 years?