Bond value and time-Constant required returns Pecos Manufacturing has just issued a 15-year. 12% coupon interest rate. $1,000-per bond trial pays interest annually. The required return is currency 11%, and the company is certain it will remain at 11% until 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. A else remaining the same, when the required return differs from the coupon interest rate and is assumed to be constant to maturity. what happens to the bond value as time moves toward maturity? Explain in light of the following graph