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The Sisyphean Company has a bond outstanding with a face value of $5,000 that reaches maturity in 8 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 8 years. The bond certificate indicates that the stated coupon rate for this bond is 9.6% and that the coupon payments are to be made semiannually. Assuming the appropriate YTM on the Sisyphean bond is 6.8%, then this bond will trade at O A. a premium. O B. par. O c. a discount OD. none of the above
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