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The Sisyphean Company has a bond outstanding with a face value of 5000 that reaches maturity in 8years. The bond certificate indicates that the stated
The Sisyphean Company has a bond outstanding with a face value of 5000 that reaches maturity in 8years. The bond certificate indicates that the stated coupon rate for this bond is 9.1% and that the coupon payments are to be made semiannually. Assuming the appropriate YTM on the Sisyphean bond is7.6 %, then the price that this bond trades for will be closest to
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