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6-24 Suppose Level 10 Systems sold an issue of bonds with a 15-year maturity, a $1,000 par value, ond Valuation a 6% coupon rate, and

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6-24 Suppose Level 10 Systems sold an issue of bonds with a 15-year maturity, a $1,000 par value, ond Valuation a 6% coupon rate, and semiannual interest payments. Changes in a. Six years after the bonds were issued, the going rate of interest on bonds such as these Maturity and fell to 5%. At what price would the bonds sell? quired Returns b. Suppose that, 6 years after the initial offering, the going interest rate had risen to 8%. At what price would the bonds sell? C. Suppose that the conditions in part a existed that is, interest rates fell to 5% 6 years after the issue date. Suppose further that the interest rate remained at 5% for the next 9 years. What would happen to the price of the bonds over time

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