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The Sisyphean Company has a bond outstanding with a face value of $5,000 that reaches maturity in three 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 three 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 that this bond trades for $5,306, then the YTM for this bond is closest to: OA. 6.13% OB. 7.36% O C. 8.59% OD. 4.9%
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