The Sisyphean Company has a bond outstanding with a face value of $5,000 that reaches maturity in 5 years. The bond certificate indicates that the stated coupon rate for this bond is 8.7​% and that...





The Sisyphean Company has a bond outstanding with a face value of
$5,000

that reaches maturity in
5

years. The bond certificate indicates that the stated coupon rate for this bond is
8.7​%

and that the coupon payments are to be made semiannually.


Assuming the appropriate YTM on the Sisyphean bond is
11.2​%,

then the price that this bond trades for will be closest​ to:










A.


$5,437






B.


$4,531






C.


$3,625






D.


$6,344











Jun 09, 2022
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