Question: Question 7 2 points Save Answer Bond P is a premium bond with a coupon of 8 percent, a YTM of 6.58 percent, and 19

Question 7 2 points Save Answer Bond P is a premium

Question 7 2 points Save Answer Bond P is a premium bond with a coupon of 8 percent, a YTM of 6.58 percent, and 19 years to maturity. Bond D is a discount bond with a coupon of 8 percent, a YTM of 9.66 percent, and also 19 years to maturity. If interest rates remain unchanged, what is the difference in the prices of these bonds 9 year from now? (i.e., Price of Bond P- Price of Bond D) Note: Corporate bonds pay coupons twice a year. (Input all amounts as positive values. Do not round intermediate calculations. Round your answers to 2 decimal places.)

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