Business, 23.07.2020 05:01 FailingstudentXD

The Sisyphean Company has a bond outstanding with a face value of $ 1 comma 000$1,000 that reaches maturity in 1515 years. The bond certificate indicates that the stated coupon rate for this bond is 8.98.9% and that the coupon payments are to be made semiannually. Assuming the appropriate YTM on the Sisyphean bond is 7.67.6%, then the price that this bond trades for will be closest to:

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The Sisyphean Company has a bond outstanding with a face value of $ 1 comma 000$1,000 that reaches m...

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