Miller Corporation has a premium bond making semiannual payments. The bond pays a coupon of9 percent, has a YTM of 7 percent, and has 13 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 13 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.)

If interest rates remain unchanged, what do you expect the prices of these bonds to be 1 year from now? In 3 years? In 8 years? In 12 years? In 13 years?(Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)