Question
The Sisyphean Company has a bond outstanding with a face value of $5000 that reaches maturity in 15 years. The bond certificate indicates that the
The Sisyphean Company has a bond outstanding with a face value of $5000 that reaches maturity in 15 years. The bond certificate indicates that the stated coupon rate for this bond is 8.5% and that the coupon payments are to be made semiannually.Assuming the appropriate YTM on the Sisyphean bond is 11.5%, then this bond will trade at ________. A) par B) a discount C) a premium D) none of the above
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Financial Management Core Concepts
Authors: Raymond M Brooks
3rd edition
133866696, 978-0133866698
