Bond value and time-Constant required returns. Pecos Manulacturing has just issued a 15-year, 9% coupon interest rase, $1,000-par bond that pays interest annualy. The required return currently 15%, and the company is certain it will remain at 15% untli the bond matures in 15 years. a. Assuming that the required retum does remain at 15% until maturily, find the value of the bond with (1) 15 years, (2) 12 years, (3) 9 years, (4) 6 years, (5) 3 yoars. (6) 1 year to maturity b. Al else equal, when the required return difers trom the coupon rate and is constant to maturity, what happens to the bond value as time passes? Explain in light of the foliowing graph: a. (1) The value of the bond with 15 yoars to maturity is : (Round to the nearest cent.)