Problem 6-18 Bond Price Movements [LO 2] Bond X is a premium bond making semiannual payments. The bond has a coupon rate of 8.5 percent, a YTM of 6.5 percent, and has 18 years to maturity. Bond Y is a discount bond making semiannual payments. This bond has a coupon rate of 6.5 percent, a YTM of 8.5 percent, and also has 18 years to maturity. Assume the interest rates remain unchanged and both bonds have a par value of $1,000. What are the prices of these bonds today? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Price S Bond X 1175.04 844.01 Bond Y What do you expect the prices of these bonds to be in one year? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Price 1168.57 S Bond X 849.39 Bond Y What do you expect the prices of these bonds to be in three years? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) What do you expect the prices of these bonds to be in three years? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Price $1154.04 Bond X $860.66 Bond Y What do you expect the prices of these bonds to be in eight years? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Price 1106.33 Bond X Bond Y 900.38 What do you expect the prices of these bonds to be in 12 years? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Price 1052.59 Bond X Bond Y 949.08 What do you expect the prices of these bonds to be in 18 years? (Do not round intermediate calculations.)