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please answer both questions for a thumbs up Nesmith Corporation's outstanding bonds have a $1,000 par value, a 8% semiannual coupon, 12 years to maturity,

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Nesmith Corporation's outstanding bonds have a $1,000 par value, a 8% semiannual coupon, 12 years to maturity, and a 7% YTM. What is the bond's price? Round your answer to the nearest cent. $ Bond X is noncallable and has 20 years to maturity, a 10% annual coupon, and a $1,000 par value. Your required return on Bond X is 12%; 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 9%. How much should you be willing to pay for Bond X today? (Hint: You will need to know how much the bond will be worth at the end of 5 years.) Do not round intermediate calculations. Round your answer to the nearest cent. $

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