P6-15 (similar to) Basic bond valuation Complex Systems has an outstanding issue of $1,000-par-value bonds with a 15% coupon interest rate. The issue pays interest annually and has 17 years remaining to its maturity date. a. If bonds of similar risk are currently earning a rate of return of 12%, 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 15% instead of 12%, 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 12%, the Complex Systems bond should sell today for (Round to the nearest cent.)