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Bond X is a premium bond making semiannual payments. The bond pays a 7 percent coupon, has a YTM of 5 percent, and has 11 years to maturity. Bond Y is a discount bond making semiannual payments. This bond pays a 5 percent coupon, has a YTM of 7 percent, and also has 11 years to maturity.

 

What is the price of each bond today? (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 two years? In six years? In 10 years? In 11 years? (Round your answers to 2 decimal places. (e.g., 32.16))

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