company treasurer s perspective. Suppose Level 10 Systems sold an issue of bonds with a 15-year maturity, a $1,000 par value, - a 6% coupon rate, and semiannual interest payments. a. Six years after the bonds were issued, the going rate of interest on bonds such as these fell to 5%. At what price would the bonds sell? 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 existedthat 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? NO