The Sisyphean Company has a bond outstanding with a face value of $1,000 that reaches maturity in 10 years. The bond certificate indicates that the stated coupon rate for this bond is 9.3% and that the coupon payments are to be made semiannually.Assuming the appropriate YTM on the Sisyphean bond is 7.8%, then the price that this bond trades for will be closest to:

A.

$882

B.

$1,323

C.

$1,544

D.

$1,103

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