The Sisyphean Company has a bond outstanding with a face value of $1,000 that reaches maturity in 8 years. The bond certificate indicates that the stated coupon rate for this bond is 9.8% and that the...


The Sisyphean Company has a bond outstanding with a face value of $1,000 that reaches maturity in 8 years. The bond certificate indicates<br>that the stated coupon rate for this bond is 9.8% and that the coupon payments are to be made semiannually.<br>Assuming the appropriate YTM on the Sisyphean bond is 7.2%, then the price that this bond trades for will be closest to:<br>A. $1,387<br>B. $1,618<br>O C. $1,156<br>D. $925<br>

Extracted text: The Sisyphean Company has a bond outstanding with a face value of $1,000 that reaches maturity in 8 years. The bond certificate indicates that the stated coupon rate for this bond is 9.8% and that the coupon payments are to be made semiannually. Assuming the appropriate YTM on the Sisyphean bond is 7.2%, then the price that this bond trades for will be closest to: A. $1,387 B. $1,618 O C. $1,156 D. $925

Jun 08, 2022
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