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The Sisyphean Company has a bond outstanding with a face value of that reaches maturity in 5 years. The bond certificate indicates that the stated

The Sisyphean Company has a bond outstanding with a face value of that reaches maturity in 5 years. The bond certificate indicates that the stated coupon rate for this bond is 8.3% 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- A discount

B-Par

C-A premium

D- NONE OF THE ABOVE

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