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

8.4%

and that the coupon payments are to be made semiannually.Assuming the appropriate YTM on the Sisyphean bond is

7.5%,

then the price that this bond trades for will be closest to:

A.

$1,296

B.

$1,080

C.

$1,512

D. $864