Miller Corporation has a premium bond making semiannual payments. The bond has a coupon rate of 11 percent, a YTM of 9 percent, and 17 years to maturity. The Modigliani Company has a discount bond making semiannual payments. This bond has a coupon rate of 9 percent, a YTM of 11 percent, and also has 17 years to maturity.

What is the price of each bond today? (Do not round intermediate calculations. Round your answers to 2 decimal places (e.g., 32.16).)

Price of Miller bond	$
Price of Modigliani bond	$

If interest rates remain unchanged, what do you expect the price of these bonds to be 1 year from now? In 8 years? In 12 years? In 16 years? In 17 years? (Do not round intermediate calculations. Round your answers to 2 decimal places (e.g., 32.16).)

Price of bond in:	Miller bond	Modigliani bond
1 year	$	$
8 years	$	$
12 years	$	$
16 years	$	$
17 years	$	$