Bond X is a premium bond making semiannual payments. The bond pays a coupon rate of 7 percent, has a YTM of 5 percent, and has 19 years to maturity. Bond Y is a discount bond making semiannual payments. This bond pays a coupon rate of 5 percent, has a YTM of 7 percent, and also has 19 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 11 years? In 14 years? In 16 years? In 19 years? (Do not round intermediate calculations. Round your answers to 2 decimal places, e.g., 32.16.)

Price of bond	Bond X	Bond Y
One year	$	$
11 years	$	$
14 years	$	$
16 years	$	$
19 years	$	$

rev: 03_08_2016_QC_CS-43552, 03_09_2016_QC_CS-43552, 03_09_2016_QC_CS-437

DMA Corporation has bonds on the market with 19.5 years to maturity, a YTM of 8 percent, and a current price of $1,069. The bonds make semiannual payments and have a par value of $1,000.

What must the coupon rate be on these bonds? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

Coupon rate

%