The Sisyphean Company has a bond outstanding with a face value of $5,000 that reaches maturity in 15 years. The bond cer

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answerhappygod
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The Sisyphean Company has a bond outstanding with a face value of $5,000 that reaches maturity in 15 years. The bond cer

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The Sisyphean Company has a bond outstanding with a face valueof $5,000 that reaches maturity in 15 years. The bond certificateindicates that the stated coupon rate for this bond is 8.6​% andthat the coupon payments are to be made semiannually. Assuming theappropriate YTM on the Sisyphean bond is 7.7​%, then this bond willtrade at
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