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Miller Corporation has a premium bond making semiannual payments. The bond has a coupon rate of 1 2 percent, a YTM of 1 0 percent,
Miller Corporation has a premium bond making semiannual payments. The bond has a coupon rate of percent, a YTM of percent, and years to maturity. The Modigliani Company has a discount bond making semiannual payments. This bond has a coupon rate of percent, a YTM of percent, and also has years to maturity. Both bonds have a par value of $
a What is the price of each bond today? Do not round intermediate calculations and round your answers to decimal places, eg
b If interest rates remain unchanged, what do you expect the price of these bonds to be year from now? In years? In years? In years? In years? Do not round intermediate calculations and round your answers to decimal places, eg
tableMiller Bond,Modigliani BondaPrice today,,bPrice in year,,Price in years,,Price in years,,Price in years,,Price in years,,
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