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Miller Corporation has a premium bond making semiannual payments. The bond pays an 9 percent coupon, has a YTM of 7 percent, and has 1

Miller Corporation has a premium bond making semiannual payments. The bond pays an 9 percent coupon, has a YTM of 7 percent,
and has 19 years to maturity. The Modigliani Company has a discount bond making semiannual payments. This bond pays a 7 percent
coupon, has a YTM of 9 percent, and also has 19 years to maturity. (Do not round intermediate calculations. Round the final answers
to 2 decimal places. Omit $ sign in your response.)
If interest rates remain unchanged, what do you expect the price of these bonds to be 1 year from now? 9 years? 14 years? 18 years? 19
years?
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