Question: Bond X is a premium bond making semiannual payments. The bond has a coupon rate of 1 2 percent, a YTM of 1 0 percent,

Bond X is a premium bond making semiannual payments. The bond has a coupon rate of 12 percent, a YTM of 10 percent, and 18 years to maturity. Bond Y is a discount bond making semiannual payments. This bond has a coupon rate of 10 percent, a YTM of 12 percent, and also has 18 years to maturity. Both bonds have a par value of $1,000.What is the price of each bond today?If interest rates remain unchanged, what do you expect the price of these bonds to be 1 year from now? In 9 years? In 13 years? In 17 years? In 18 years?Note: For all requirements, do not round intermediate calculations and round your answers to 2 decimal places, e.g.,32.16.

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