(See Solution) The Sisyphean Company has a bond outstanding with a face value of $1,000 that reaches maturity in 15 years. The bond certificate indicates


Question: The Sisyphean Company has a bond outstanding with a face value of $1,000 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 semi-annually.

Required: Assuming that this bond trades for $1,035.44, then the YTM for this bond is equal to (4 marks):

Price: $2.99
Solution: The downloadable solution consists of 1 pages
Deliverable: Word Document

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