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The Sisyphean Company has a bond outstanding with a face value of $5,000 that reaches...

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Finance

The Sisyphean Company has a bond outstanding with a face value of $5,000 that reaches maturity in 10 years. The bond certificate indicates that the stated coupon rate for this bond is 8.5?% and that the coupon payments are to be made semiannually. Assuming the appropriate YTM on the Sisyphean bond is 10.1?%, then the price that this bond trades for will be closest? to: A) $6,305. B) 3,603 C) $5,404 D) $4,504

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