The sisyphean company has a bond outstanding with a face, Ask an Expert

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The Sisyphean Company has a bond outstanding with a face value of $5,000 that reaches maturity in 15 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 10.1?%, then the price that this bond trades for will be closest? to:

A. $4,465

B. $3,572

C. $5,358

D. $6,251

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92073435

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