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The Sisyphean Company has a bond outstanding with a face value of? $1000 that reaches maturity in 15 years. The bond certificate indicates that the stated coupon rate for this bond is? 8% and that the coupon payments are to be made semiannually.  

Assuming that this bond trades for? $903, then the YTM for this bond is closest? to:

A. ?6.8%

B. ?9.9%

C. ?9.2%

D. ?8.0%

Financial Management, Finance

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