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A company called Mr Miller would like to start a new project. To finance the initial cost of this project, it has just issed bonds

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A company called Mr Miller would like to start a new project. To finance the initial cost of this project, it has just issed bonds which make payments semiannually. Each of Mr Miller's bonds has a coupon rate of 9 percent. The bonds' YTM equals 7 percent, and they have 15 years left until they mature. Another company called Mr Modigliani also would like to borrow money for its new Investment project. And so it has just sold bonds. Like with the Mr Miller's bonds, Mr Modigliani's bonds also make semiannual coupon payments. Each of these bonds has a 7 percent coupon rate, a YTM equal to 9 percent, and have a time to maturity of 15 years. Both Mr Miller's and Mr Modigliani's bonds have a $1,000 par value. How much money can each company raise today by selling each bond? If Interest rates do not change in the future years, calculate also the price of both companies' bonds 1 years from today. Also, 6 years, 11 years, 13 years, and 15 years from today. (Do not round your Intermediate calculations. Round your final answers to 2 decimal places, e.g., 32.16.) Miller Corporation Bond Modigliani Company Bond Price today 1 year 6 years 11 years 13 years 15 years

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