Miller Corporation has a premium bond making semiannual payments. The bond pays a coupon of 7 percent, has a YTM of 5 percent, and has 19 years to maturity. The Modigliani Company has a discount bond making semiannual payments. This bond pays a coupon of 5 percent, has a YTM of 7 percent, and also has 19 years to maturity.

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

Price of Miller Corporation bond	$
Price of Modigliani Company 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 13 years? In 17 years? In 19 years? (Do not round intermediate calculations and round your final answers to 2 decimal places. (e.g., 32.16))

Price of bond	Miller Corporation Bond	Modigliani Company Bond
1 year	$	$
8 years	$	$
13 years	$	$
17 years	$	$
19 years	$	$