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The Sisyphean Company has a bond outstanding with a face value of $5,000 that reaches maturity in nine years. The bond certificate indicates that the
The Sisyphean Company has a bond outstanding with a face value of $5,000 that reaches maturity in nine years. The bond certificate indicates that the stated coupon rate for this bond is 8.5% and that the coupon payments are to be made semiannually.Assuming that this bond trades for $5,683, then the YTM for this bond is closest to:
A. 7.77%
B. 5.2%
C. 6.47%
D. 9.06%
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