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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 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 8.1% and that the coupon payments are to be made semiannually. Assuming that this bond trades for $960; then what is the YTM for this bond is closest to: 9.6% 10.72% 8.85% 9.11%
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Introduction To Management Science
Authors: Bernard W. Taylor
12th Edition
1292092912, 9781292092911
