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What is the price that this bond will trade at

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Reference no: EM131401892

1) 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 7% and that the coupon payments are to be made semiannually.

a. Assuming the appropriate YTM on the Sisyphean bond is 7.3%, how much will each semiannual coupon payment be?

b. What is the price that this bond will trade at?

c. Will it trade at par, discount or premium?

Reference no: EM131401892

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