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The Sisyphean Company has a bond outstanding that reaches maturity in 15 years. The bond certificate indicates that the stated coupon rate for this bond

The Sisyphean Company has a bond outstanding that reaches maturity in 15 years. The bond certificate indicates that the stated coupon rate for this bond is 6%. Assuming the appropriate YTM on the Sisyphean bond is 7.5%, then this bond will trade at

A.

Par

B.

Premium

C.

Discount

D.

Need face value to calculate

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