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The Sisyphean Company has a bond outstanding with a face value of $1,000 that reaches maturity in five years. The bond certificate indicates that the
The Sisyphean Company has a bond outstanding with a face value of $1,000 that reaches maturity in five years. The bond certificate indicates that the stated coupon rate for this bond is 8.2% and that the coupon payments are to be made semiannually. Assuming that this bond trades for $1,076, then the YTM for this bond is closest to: A. 5.1% B. 8.97% C. 7.69% D. 6.41%
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