Bond value and time constant required returns Peces Manufacturing has just issued a 15-year, 9% coupon interest rate, 51,000-par bond that pays interest annually. The required ratum is currently 11%, and the company is certain it will remain at 11% unt the bond matures in 15 years. Assuming that the required return does remain at 11% until maturity, find the value of the bond with (1) 15 years, (2) 12 years. (3) 9 years. (4) 6 years. (5) 3 years. (6) 1 year to maturity b. Al etse equal, when the required return differs from the coupon rate and is constant to maturity, what happens to the bond value as time passes? Explain in light of the following graph w Graph/chart 1.200 1.100 100 Bond 700 500 15 Years to Marty