Question: Basic bond valuation Complex Systems has an outstanding issue of $1000-par-value bonds with a 9% coupon interest rate. The issue pays interest annually and has

Basic bond valuation Complex Systems has an outstanding issue of $1000-par-value bonds with a 9% coupon interest rate. The issue pays interest annually and has 14 years remaining to its maturity date a. If bonds of similar risk are currently earning a rate of return of 8%, how much should the Complex Systems bond sell for today? b. Describe the two possible reasons why the rate on similar-nsk bonds is below the coupon interest rate on the Complex Systems bond c. If the required return is ex instead what would the current value of Complex Systems bond be? Contrast this finding with your findings in part a and discuss a. It bonds of similar risk are currently earning a rate of return of 8%, the Complex Systems bond should set today for (Round to the nearest cent) PI tid

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