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11. 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

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11. 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 bond is 8.4% and that the coupon payments are to be made semiannually. Assuming the appropriate YTM on the Sisyphean bond is 11%, then this bond will trade at A. par. B. a discount. c. a premium. D. none of the above 12. A risk-free, zero-coupon bond with a face value of $10,000 has 20 years to maturity. If the YTM is 4.5%, which of the following would be closest to the price this bond will trade at? A. $5,805 B. $4,146 C. $6,634 D. $4,976

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