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Homework answers / question archive / The Sisyphean Company has a bond outstanding with a face value of $ 5,000 that reaches maturity in 8 years

The Sisyphean Company has a bond outstanding with a face value of $ 5,000 that reaches maturity in 8 years

Finance

The Sisyphean Company has a bond outstanding with a face value of $ 5,000 that reaches maturity in 8 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 the appropriate YTM on the Sisyphean bond is7.6%,then the price that this bond trades for will be closest? to:

A.$ 6142

B.$ 7166

C.$ 5118

D.$ 4095

Option 1

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