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The Sisyphean Company has a bond outstanding with a face value of $5,000 that reaches maturity in 15 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 15 years. The bond certificate indicates that the stated coupon rate for this bond is 9.3% and that the coupon payments are to be made semiannually. Assuming that this bond trades for $4,879, then the YTM for this bond is closest to:
A.
13.5%
B.
7.7%
C.
9.6%
D.
11.5%
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