Miller Corporation has a premium bond making semiannual payments. The bond has a coupon rate of 8 percent a YTM of 6 percent and 14 years to maturity. The Modigliani Company has a discount bond making semiannual payments. This bond has a coupon rate of 6 percent a YTM of 8 percent and also has 14 years to maturity.What is the price of each bond today? (Do not round intermediate calculations. Round your answers to 2 decimal places (e.g. 32.16).)Price of Miller bond $Price of Modigliani bond $If interest rates remain unchanged what do you expect the price of these bonds to be 1 year from now? In 5 years? In 9 years? In 13 years? In 14 years? (Do not round intermediate calculations. Round your answers to 2 decimal places (e.g. 32.16).)Price of bond in: Miller bond Modigliani bond1 year $ $5 years $ $9 years $ $13 years $ $14 years $ $
