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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 9.4% and that the coupon payments are to be made semiannually. Assuming that this bond trades for $1,016.1, then the YTM for this bond is closest to A. 9.1% B. 7.3% C. 12.7% D. 10.9% Step by Step Solution
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Investments
Authors: Zvi Bodie, Alex Kane, Alan J. Marcus
11th Edition
1259277178, 978-1259277177
