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Miller Corporation has a premium bond making semiannual payments. The bond pays an 11 percent coupon. has a YTM of 9 percent, and has 15
Miller Corporation has a premium bond making semiannual payments. The bond pays an 11 percent coupon. has a YTM of 9 percent, and has 15 years to maturity. The Modigliani Company has a discount bond making semiannual payments. This bond pays a 9 percent coupon, has a YTM of 11 percent, and aiso has 15 years to maturity. (Do not round intermediate calculations. Round the final answers to 2 decimal places. Omit 5 sign in your response.) If interest rates remain unchanged, what do you expect the price of these bonds to be 1 year from now? 5 years? 10 years? 14 years? 15 years
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