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Miller Corporation has a premium bond making semiannual payments. The bond pays a coupon of 9 percent, has a YTM of 7 percent, and has

Miller Corporation has a premium bond making semiannual payments. The bond pays a coupon of 9 percent, has a YTM of 7 percent, and has 15 years to maturity. The Modigliani Company has a discount bond making semiannual payments. This bond pays a coupon of 7 percent, has a YTM of 9 percent, and also has 15 years to maturity. 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.) Price of Miller Corporation bond $ Price of Modigliani Company bond $ If interest rates remain unchanged, what do you expect the prices of these bonds to be 1 year from now? In 6 years? In 11 years? In 13 years? In 15 years? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Price of bond Miller Corporation Bond Modigliani Company Bond 1 year $ $ 6 years $ $ 11 years $ $ 13 years $ $ 15 years $ $

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