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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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