Basic bond valuation Complex Systems has an outstanding issue of $1,000-par-value bonds with a 16% coupon interest rate. The issue pays interest annually and has 18 years remaining to its maturity date. a. If bonds of similar risk are currently earning a rate of return of 13%, how much should the Complex Systems bond sell for foday? b. Describe the two possible reasons why the rate on similar-risk bonds is below the coupon Interest rate on the Complex Systoms bond. c. If the required return were at 16% instead of 13%, what would the current value of Complex Systems' bond be? Contrast this finding with your findings in part a and discuss a. If bonds of similar risk are currently coming a rate of return of 13% the Complex Systems bond should sell today for (Round to the nearest cent)