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i just need part B -Checks Miller Corporation has a premium bond making semiannual payments. The bond has coupon rate of 8 percent, a YTM

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image text in transcribed i just need part B
-Checks Miller Corporation has a premium bond making semiannual payments. The bond has coupon rate of 8 percent, a YTM of 6 percent, and 12 years to maturity. The Modigliani Company has a discount bond making semiannual payments. This bond has a coupon rate of 6 percent, a YTM of 8 percent, and also has 12 years to maturity. Both bonds have a par value of $1,000 a. What is the price of each bond today? (Do not round Intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) b. If Interest rates remain unchanged, what do you expect the price of these bonds to be 1 year from now? In 3 years? In 7 years? In 11 years? In 12 years? (Do not round Intermediate calculations and round your answers to 2 decimal places, e.g. 32.16.) Miller Bond 1,169.36 $ Modigliani Bond 847.531 a. Price today b. Price in 1 year Price in 3 years Price in 7 years Price in 11 years Price in 12 years a. What is MIELE VISULI round your answers to 2 decimal places, e.g., 32.16.) b. If interest rates remain unchanged, what do you expect the price of these bonds to be 1 year from now? In 3 years? In 7 years? In 11 years? In 12 years? (Do not round Intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) cos Miller Bond Modigliani Bond 1,169.365 847.53 a. b. Price today Price in 1 year Price in 3 years Price in 7 years Price in 11 years Price in 12 years

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