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A risk free, zero-coupon bond with a $5,000 face value has 15 years to maturity. The bond currently trades at $4,080. What is the yield
A risk free, zero-coupon bond with a $5,000 face value has 15 years to maturity. The bond currently trades at $4,080. What is the yield to maturity of this bond?
The Sisyphean Company has a bond outstanding with a face value of $1,000 that reaches maturity in 8 years. The bond certificate indicates that the stated coupon rate for this bond is 9.1% and that the coupon payments are to be made semiannually. Assuming the appropriate YTM on the Sisyphean bond is 7.4%, then the price that this bond trades for will be closest to?
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