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The Sisyphean Company has a bond outstanding with a face value of $5,000 that reaches maturity in 11 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 11 years. The bond certificate indicates that the stated coupon rate for this bond is 6.70% and that the coupon payments are to be made semiannually. Assuming that this bond currently trades for $4,541.53, what is the Yield-to-Maturity (YTM) for this bond? A) 9.31% OB) 8.80% O C) 11.90% OD) 9.89% O E) 7.97%
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