Question
The Sisyphean Company has a bond outstanding with a face value of$5000that reaches maturity in5years. The bond certificate indicates that the stated coupon rate for
The Sisyphean Company has a bond outstanding with a face value of$5000that reaches maturity in5years. The bond certificate indicates that the stated coupon rate for this bond is8.9% and that the coupon payments are to be made semiannually.
Assuming the appropriate YTM on the Sisyphean bond is9.1%, then the price that this bond trades for will be closest to ________.
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Essentials Of Investments
Authors: Zvi Bodie, Alex Kane, Alan Marcus
11th Edition
1260288390, 978-1260288391
