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 comma 000$5,000 that reaches maturity in 88 years. The bond certificate indicates that the stated coupon rate for this bond is 8.88.8?% and that the coupon payments are to be made semiannually. Assuming the appropriate YTM on the Sisyphean bond is 1111?%, then the price that this bond trades for will be closest? to:

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Financial Management, Finance

Category:- Financial Management
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