Homework: Finance Homework 2 Question 11, P6-15 (simi... Part 1 of 4 HW Score: 53.33%, 48.53 of 91 points Points: 4.2 of 7 Basic bond valuation Complex Systems has an outstanding issue of $1,000-par-value bonds with a 8% coupon interest rate. The issue pays interest annually and has 15 years remaining to its maturity date. a. If bonds of similar risk are currently earning a rate of return of 7%, 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 were at 8% instead of 7%, 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 7%, the Complex Systems bond should sell today for $ (Round to the nearest cent.)