company treasurer's perspective. 6-24 Suppose Level 10 Systems sold an issue of bonds with a 15-year maturity, a $1,000 par value, Bond Valuation a 6% coupon rate, and semiannual interest payments. and 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? Required 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? 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 bends over time