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Miller Corporation has a premium bond making semiannual payments. The bond pays a coupon of 8 percent, has a YTM of 6 percent, and has

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Miller Corporation has a premium bond making semiannual payments. The bond pays a coupon of 8 percent, has a YTM of 6 percent, and has 12 years to maturity. The Modigliani Company has a discount bond making semiannual payments. This bond pays a coupon of 6 percent, has a YTM of 8 percent, and also has 12 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 $1,231.15 802.07 If interest rates remain unchanged, what do you expect the prices of these bonds to be 1 year from now? In 2 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.) Price of bond 1 year Z years r years 11 years 12 years Miller Corporation Bond S 1,224.92 Modigliani Company Bond 806.32

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