The Sisyphean Company has a bond outstanding with a face value of $5,000 that reaches maturity in 15 years. The bond cer
Posted: Sun Jul 03, 2022 12:54 pm
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