Question
The Sisyphean Company has a bond outstanding with a face value of $ 1000 that reaches maturity in 8 years. The bond certificate indicates that
The Sisyphean Company has a bond outstanding with a face value of $ 1000 that reaches maturity in 8 years. The bond certificate indicates that the stated coupon rate for this bond is 9% and that the coupon payments are to be made semiannually. Assuming the appropriate YTM on the Sisyphean bond is 10.3%, then the price that this bond trades for will be closest to:
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Rockin Your Business Finances
Authors: Chrstine Odle
1st Edition
0999135104, 9780999135105
