Business, 18.03.2020 03:32 Elliescott9231
The Sisyphean Company has a bond outstanding with a face value of $ 1 comma 000 that reaches maturity in 15 years. The bond certificate indicates that the stated coupon rate for this bond is 8.8% and that the coupon payments are to be made semiannually. Assuming the appropriate YTM on the Sisyphean bond is 11.1%, then the price that this bond trades for will be closest to:
Answers: 3
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The Sisyphean Company has a bond outstanding with a face value of $ 1 comma 000 that reaches maturit...
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