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Miller Corporation has a premium bond making semiannual payments. The bond pays an 1 0 percent coupon, has a YTM of 8 percent, and has
Miller Corporation has a premium bond making semiannual payments. The bond pays an percent coupon, has a YTM of percent, and has years to maturity. The Modigliani Company has a discount bond making semiannual payments. This bond pays a percent coupon, has a YTM of percent, and also has years to maturity. Do not round intermediate calculations. Round the final answers to decimal places. Omit $ sign in your response.
If interest rates remain unchanged, what do you expect the price of these bonds to be year from now? years? years? years? years?
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