The Sisyphean Company has a bond outstanding with a face value of $1,000 that reaches maturity in 8 years The bond certificate indicates that the stated coupon rate for this bond is 8 7 and that the coupon payments are to be made semiannually Assuming the appropriate YTM on the Sisyphean bond is 7 6 , then the price that this bond trades for will be closest to A $1,278 B $1,065 C $1,491 D $852

Question

The Sisyphean Company has a bond outstanding with a face value of $1,000 that reaches maturity in 8 years  The bond certificate indicates that the stated coupon rate for this bond is 8 7  and that the coupon payments are to be made semiannually  Assuming the appropriate YTM on the Sisyphean bond is 7 6 , then the price that this bond trades for will be closest to  A  $1,278 B  $1,065 C  $1,491 D  $852

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The Sisyphean Company has a bond outstanding with a face value of $1,000 that reaches maturity in 8 years. The bond certificate indicates that the

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