The Sisyphean Company has a bond outstanding with a face value of

$1,000

that reaches maturity in

three

years. The bond certificate indicates that the stated coupon rate for this bond is

8.4%

and that the coupon payments are to be made semiannually.Assuming that this bond trades for

$1,047,

then the YTM for this bond is closest to:

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Part 1

A.

7.98%

B.

9.31%

C.

5.3%

D.

6.65%