Bond X is noncallable and has 20 years to maturity, an 8% annual coupon, and a $1,000 par value. Your required return on Bond X is 996; if you buy it, you plan to hold it for 5 years. You and the market) have expectations that in 5 years, the yield to maturity on a 15-year bond with similar risk will be 11%. How much should you be willing to pay for Bond X today? Nesmith Corporation's outstanding bonds have a $1,000 par value, a 10% semiannual coupon, 12 years to maturity, and an 7.5% YTM, what is the bond's price? Madsen Motors's bonds have 25 years remaining to maturity. Interest is paid annually; they have a $1,000 par value; the coupon interest rate is 7%; and the yield to maturity is 5%, what is the bond's current market price