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Showing how you got the answer would be greatly appreciated! Thank you! Bond X is a premium bond making semiannual payments. The bond pays a

image text in transcribedShowing how you got the answer would be greatly appreciated! Thank you!

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 19 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 19 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.) If interest rates remain unchanged, what do you expect the price of these bonds to be one year from now? In nine years? In 14 years? In 18 years? In 19 years? (Do not round intermediate calculations. Round your answers to 2 decimal places, e.g., 32.16.)

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