What is the price of each bond today

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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 17 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 17 years to maturity.

What is the price of each bond today?

Reference no: EM13260304

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