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is Problem 6-18 Bond Price Movements [LO 2] Bond X is a premium bond making semiannual payments. The bond has a coupon rate - f
is Problem 6-18 Bond Price Movements [LO 2] Bond X is a premium bond making semiannual payments. The bond has a coupon rate - f 8.3 percent, a YTM of 6.3 percent, and has 16 years to maturity. Bond Y is a discount bond making semiannual payments. This bond has a coupon rate of 6.3 percent, a YTM of 8.3 percent, and aiso has 16 years to maturity. Assume the interest rates remain unchanged and both bonds have a par value of $1,000. a. What are the prices of these bonds today? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. b. What do you expect the prices of these bonds to be
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