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Basic bond valuation Complex Systems has an outstanding issue of $1,000-par-value bonds with a 12% coupon interest rate. The issue pays interest annually and has 13 yeat remaining to its maturity date a. If bonds of simlar risk are currently earning a rate of return of 9%, 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 12% 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 simdar risk are currently earning a rate of return of 9%, the Complex Systems bond should sell today for (Round to the nearest cent.) b. Describe the two possible reasons why the rate on similar-risk bonds is below the coupon interest rate on the Complex Systems bond (Select the best answer below.) A. Since Complex Systems' bonds were issued, there may have been a shif in the supply-demand relationship for their product of a change in the risk towards loans B. Since Complex Systems' bonds were issted, there may have been a change in the number of bonds available or a change in the coupon interest rate C. Since Complex Systems' bonds were issued, there may have been a shift in the supply-demand relationship for money or a change in the risk towards the firm. D. Since Complex Systems' bonds were issued, there may have been a change in the supply-demand relationship for money or a shift in the investors' athitudes towards the firm. c. If the required return were at 12% instead of 9%, the current value of Complex Systems' bond would be $ (Round to the nearest cent)

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