• Bond X: A zero coupon bond with a face value of $1,000 and exactly 8 years remaining that is selling for $560
• Bond Y: A 6% coupon bond with a face value of $1,000 selling for $650 with coupon payments made every 6 months. The last coupon payment was made yesterday, and the bond matures in 4 years, 6 months

Assume the yield for Bond X is 7.52% and Bond Y is 8.79%

Now assume that you are back at time 0 and have purchased both bonds. Both companies perform on their debt (i.e. they make all of the coupon and principle payments). If you hold both bonds until maturity, what is your return for each bond, respectively?

**Please show your work in Excel!