Essay
Use the information for the question(s)below.
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 semiannually.
-Assuming that this bond trades for $1035.44,then the YTM for this bond is equal to:
Correct Answer:
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FV = 1000
PMT = 40 (...View Answer
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Correct Answer:
Verified
PMT = 40 (...
View Answer
Unlock this answer now
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