1) 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