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

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

What is the price of each bond today? (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 two years? In seven years? In 9 years? In 11 years? (Round your answers to 2 decimal places. (e.g., 32.16))

Price of bond Bond X Bond Y
One year $ $
Two years $ $
Seven years $ $
9 years $ $
11 years $ $

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