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20. The Sisyphean Company has a bond outstanding with a face value of $5,000 that reaches maturity in five years. The bond certificate Indicates that
20. The Sisyphean Company has a bond outstanding with a face value of $5,000 that reaches maturity in five years. The bond certificate Indicates that the stated coupon rate for this bond is 8.4% and that the coupon payments are to be made semiannually. Assuming that this bond trades for $5,482, then the YTM for this bond is closest to. A. 7,36% B. 858% C. 6.13% D. 4.9% 21. Owen expects to receive $29,000 at the end of next year from a trust fund. If a bank loans money at an interest rate of 8.3%, how much money can he borrow from the bank on the basis of this information? A. $2,407 B. $13,389 C. $31.407 D. $26,777
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