Question: Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion.

 Check my work mode : This shows what is correct or

Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Retu 1 10 points Bond X is a premium bond making annual payments. The bond pays a 9% coupon, has a YTM of 7%, and has 13 years to maturity Bond Y is a discount bond making annual payments. This bond pays a 7% coupon, has a YTM of 9% and also has 13 years to maturity of interest rates remain unchanged, what do you expect the price of these bonds to be one year from now? In three years? in eight years? In 12 years? In 13 years? (Do not round intermediate calculations. Round the final answers to 2 decimal places. Omit sign in your response.) Time to maturity Price of Bond Price of Bond One year $ 1167.22 Three years $ 1150.67 $ 657.29 0 Eight years 5 1140.16 6 071.26 5 1100.20 22.30 12 years 13 years $ 1019.15 OOOO 9

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