Bond outstanding with face value

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Reference no: EM13870665

The Sisyphean Company has a bond outstanding with a face value of $1000 that reaches maturity in 15 years. The bond certificate indicates that the stated coupon rate for this bond is 8% and that the coupon payments are to be made semi annually.

Assuming the appropriate YTM on the Sisyphean bond is 9.0%, then the price that this bond trades for will be closest to:

Question 1 option:

1) $946

2) $919

3) $1086

4) $1000

Reference no: EM13870665

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