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Can you show me the calculator method? Bond X is a premium bond making semiannual payments. The bond pays a coupon rate of 9 percent,

Can you show me the calculator method?

Bond X is a premium bond making semiannual payments. The bond pays a coupon rate of 9 percent, has a YTM of 7 percent, and has 13 years to maturity. Bond Y is a discount bond making semiannual payments. This bond pays a coupon rate of 7 percent, has a YTM of 9 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 $

If interest rates remain unchanged, what do you expect the price of these bonds to be one year from now? In three years? In eight years? In 12 years? In 13 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 $ $
Three years $ $
Eight years $ $
12 years $ $
13 years $ $

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