14. In finding a bond's value, the rate used to discount the bond's future cash flows is: a. the bond's required rate of return. b. the firm's weighted average cost of capital. c. the firm's after-tax cost of debt. d. the bond's coupon rate 15. What happens to the price of bonds if interest rates go up? a. The price of bonds goes up. b. The price of bonds stays the same. c. The price of bonds goes down. d. The direction of price change depends on the shape of the yield curve