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Please show step by step how to get to the answer . The Sisyphean Company has a bond outstanding with a face value of $1,000
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The Sisyphean Company has a bond outstanding with a face value of $1,000 that reaches maturity in 10 years. The bond certificate a 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 10.3%, then the price that this bond trades for will be closest to: A. $1,262 O B. $1,082 O C. $721 O D. $902Step by Step Solution
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