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The Sisphyean Company has a bond with a face value of $1000 that reaches maturity in 15 years. The bond certificate indicates that the stated

The Sisphyean Company has a bond with a face value of $1000 that reaches maturity in 15 years. The bond certificate indicates that the stated coupon rate for this bond is 8% and the coupon payments aee to be made semiannully. Assuming that the appropiate YTM on the Sisphyean bond is 7.5%, then the price at which the bond trades will be closest to:

A: $957

B: $1000

C $ 691

D $1045

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