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kolezko [41]
3 years ago
5

The Sisyphean Company has a bond outstanding with a face value of $ 5 comma 000 that reaches maturity in 8 years. The bond certi

ficate indicates that the stated coupon rate for this bond is 8.6​% and that the coupon payments are to be made semiannually. Assuming the appropriate YTM on the Sisyphean bond is 11.9​%, then the price that this bond trades for will be closest​ to:______
Business
1 answer:
vladimir1956 [14]3 years ago
7 0
The Sisyphean Company has a bond outstanding with a face value of $1,000 that reaches maturity in 5 years. The bond certificate indicates that the started coupon rate for this bond is 8% and that the coupon payments are to be made semiannuall then it would be 75% I think :)
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