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Complex Systems has an outstanding issue of $1,000-par-value bonds with a 15% coupon interest rate. remaining to its maturity date. The issue pays interest annually

Complex Systems has an outstanding issue of $1,000-par-value bonds with a 15% coupon interest rate. remaining to its maturity date. The issue pays interest annually and has 10 years a. If bonds of similar risk are currently earning a rate of return of 11%, how much should the Complex Systems bond sell for today? b. Describe the two possible reasons why the rate on similar-risk bonds is below the coupon interest rate on the Complex Systems bond. c. If the required return is 15% instead, 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 earning a rate of return of 11%, the Complex Systems bond should sell today for

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