Premium bond making semi-annual payments

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Bond X is a premium bond making semi-annual payments. The bond pays a 7 percent coupon, has a YTM of 5 percent, and has 13 years to maturity. Bond Y is a discount bond making semi-annual payments. This bond pays a 5 percent coupon, has a YTM of 7 percent, and also has 13 years to maturity. What is the price of each bond today? (Round your answers to 2 decimal places. (e.g., 32.16)) Price of bond X $ Price of bond Y $ If interest rates remain unchanged, what do you expect the price of these bonds to be one year from now? In four years? In nine years? In 11 years? In 13 years? (Round your answers to 2 decimal places. (e.g., 32.16))

Reference no: EM13724888

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