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show me how to calculate this on a calculator and show all the steps include explaination Miller Corporation has a premium bond making semiannual payments.
show me how to calculate this on a calculator and show all the steps include explaination
Miller Corporation has a premium bond making semiannual payments. The bond pays a coupon of 8 percent, has a YTM of 6 percent, and has 12 years to maturity. The Modigliani Company has a discount bond making semiannual payments. This bond pays a coupon of 6 percent, has a YTM of 8 percent, and also has 12 years to maturity. What is the price of each bond today? (Do not round intermediate calculations and round your final answers to 2 decimal places. (e.g., 32.16)) Price of Miller Corporation bond Price of Modigliani Company bond SnL10 $n/ro If interest rates remain unchanged, what do you expect the price of these bonds to be 1 year from now? In 2 years? In 7 years? In 11 years? In 12 years? (Do not round intermediate calculations and round your final answers to 2 decimal places. (e.g., 32.16)) Price of bond 1 year 2 years 7 years 11 years 12 years Miller Corporation Bond Modigliani Company Bond SnL10 $ nL1 0 $ nL1 0 $n/rO Sn/ro $ nL.1 0 $ nL1 0 $ nL.1 0 $ nL1 0 Sn/ro
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