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The Sisyphean Company has a bond outstanding with a face value of $1,000 that reaches maturity in 15 years. The bond certificate indicates that the
The Sisyphean Company has a bond outstanding with a face value of $1,000 that reaches maturity in 15 years. The bond certificate indicates that the stated coupon rate for this bon is 9.4% and that the coupon payments are to be made semiannually. Assuming the appropriate YTM on the Sisyphean bond is 8%, then the price that this bond trades for will be closest to: A. $1,569 B. $1,121 C. $897 D. $1,345
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