Question: What does this Basic bond valuation Complex Systems has an outstanding issue of $ 1 , 0 0 0 - par - value bonds with

What does this
Basic bond valuation Complex Systems has an outstanding issue of $1,000- par-value bonds with a 13% coupon interest rate. The issue pays interest annually and has 16 years remaining to its maturity date.
a. If bonds of similar risk are currently earning a rate of return of 9%, 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 is 13% instead, what would the current value of Complex Systems' bond be? Contrast this finding with your findings in part a and discuss.
What does this Basic bond valuation Complex Systems has an outstanding

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