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Bond X is a premium bond making semiannual payments. The bond pays a coupon rate of...

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Finance

Bond X is a premium bond making semiannual payments. The bondpays a coupon rate of 7.4%, has a YTM of 6.8%, and has 13 years tomaturity. Bond Y is a discount bond making semiannual payments.This bond pays a coupon rate of 6.8%, has a YTM of 7.4%, and alsohas 13 years to maturity. What is the price of each bond today? Ifinterest rates remain unchanged, what do you expect the price ofthese bonds to be one year from now? In three years? In eightyears? In 12 years? In 13 years? What's going on here? Illustrateyour answers by graphing bond prices versus time to maturity.Please work on Excel, that's how I need to see this problem workedout THANKS SO MUCH

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