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The Sisyphean Company has a bond outstanding with a face value of $1,000 that reaches maturity in 15 years. The bond certificate indicates that the

The Sisyphean Company has a bond outstanding with a face value of $1,000 that reaches maturity in 15 years. The bond certificate indicates that the stated coupon rate for this bond is 8.8% and that the coupon payments are to be made semiannually. Assuming that this bond trades for $983.71, then the YTM for this bond is closest to ________.

a. 7.2%

b. 12.7%

c. 10.9%

d. 9%

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