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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

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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 13 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 13 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 $ S 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 11 years? In 13 years? (Do not round intermediate calculations. Round your answers to 2 decimal places, e.g., 32.16.) Bond Y $ Price of bond One year Four years Nine years 11 years 13 years Bond X $ $ $ $ $ $ $ $ $ Kiss the Sky Enterprises has bonds on the market making annual payments, with 19 years to maturity, and selling for $860. At this price, the bonds yield 10.0 percent. What must the coupon rate be on the bonds? 9.68% 8.33% 10.00% 16.65% 8.43%

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