Bond X has a premium bond making semiannual payments. The bond pays a coupon of 9 percent,
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Bond X has a premium bond making semiannual payments. The bond pays a coupon of percent, has a YTM of percent, and has years to maturity. Bond Y is a discount bond making semiannual payments. This bond pays a coupon of percent, has a YTM of percent, and also has years to maturity. Both bonds have a par value of $ What is the price of each bond today? If interest rates remain unchanged, what do you expect the price of these bonds to be year from now? In years? In years? In years? In years?
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