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

Basic bond valuation Complex Systems has an outstanding issue of $-par-value bonds with a% coupon interest rate. The issue pays interest annually and has years remaining to its maturity date. a.If bonds of similar risk are currently earning a rate of return of %, how much should the Complex Systems bond sell for today? b.Describe the two possible reasons why the rate on similar-risk bonds is below the coupon interest rate on the Complex Systems bond. c.If the required return were at % instead of %, what would the current value of Complex Systems' bond be? Contrast this finding with your findings in part a and discuss. Question content area bottom Part 1 a.If bonds of similar risk are currently earning a rate of return of %, the Complex Systems bond should sell today for$ 18. (Round to the nearest cent.)

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