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The Sisyphean Company has a bond outstanding with a face value of $5,000 that reaches maturity in 9 years. The bond certificate indicates that the
The Sisyphean Company has a bond outstanding with a face value of
$5,000
that reaches maturity in
9
years. The bond certificate indicates that the stated coupon rate for this bond is
9%
and that the coupon payments are to be made semiannually.
Assuming the appropriate YTM on the Sisyphean bond is
9.2%,
then the price that this bond trades for will be closest to:
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