1. Miller Corporation has a premium bond making semiannual payments. The bond pays an 12 percent coupon, has a YTM of 10 percent, and has 15 years to maturity. The Modigliani Company has a discount bond making semiannual payments. This bond pays a 10 percent coupon, has a YTM of 12 percent, and also has 15 years to maturity. (Do not round intermediate calculations. Round the final answers to 2 decimal places. Omit $ sign in your response.) If interest rates remain unchanged, what do you expect the price of these bonds to be 1 year from now? 7 years? 12 years? 13 years? 15 years? Miller Corporation Bond $ Modigliani Company Bond $ $ $ Price of bond One year 7 years 12 years 13 years 15 years 8 $ $ $ $ $ $ 2. Universal Laser Inc. just paid a dividend of $3.70 on its stock. The growth rate in dividends is expected to be a constant 7 percent per year, indefinitely. Investors require a 16 percent return on the stock for the first three years, a 14 percent return for the next three years, and then an 12 percent return thereafter. What is the current share price for the stock? (Do not round intermediate calculations and round the final answer to 2 decimal places. Omit $ sign in your response.) Current share price $