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Miller Corporation has a premium bond making semiannual payments. The bond has a coupon rate of 7 percent, a YTM of 5 percent, and 13

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Miller Corporation has a premium bond making semiannual payments. The bond has a coupon rate of 7 percent, a YTM of 5 percent, and 13 years to maturity. The Modigliani Company has a discount bond making semiannual payments. This bond has a coupon rate of 5 percent, a YTM of 7 percent, and also has 13 years to maturity 32 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 4 years? In 8 years? In 12 years? In 13 years? (Do not round intermediate calculations. Round your answers to 2 decimal places (e.g. 32.16)1 Price of bond in: 1 year 4 years 8 years 12 years 13 years Miller bond Modigliani bond

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