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The Sisyphean Company has a bond outstanding with a face value of $ 1 , 0 0 0 that reaches maturity in 1 0 years.

The Sisyphean Company has a bond outstanding with a face value of $1,000 that reaches maturity in
10 years. The bond certificate indicates that the stated coupon rate for this bond is 8.0% and that the
coupon payments are to be made semiannually. Assuming the appropriate YTM on the Sisyphean bond
is 11.1%, then what is the price that this bond trades for? Show calculations
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