The Sisyphean Company has a bond outstanding with a face value of $5,000 that reaches maturity in 9 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 is 7%, then the price that this bond trades for will be closest to: A) $6,396 B) $7,462 C) $4,264 D) $5,330

Essentials Of Investments
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Chapter1: Investments: Background And Issues
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The Sisyphean Company has a bond outstanding with a face value of $5,000 that reaches maturity in 9 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 is 7%, then the price that this bond trades for will be closest to:

A) $6,396

B) $7,462

C) $4,264

D) $5,330

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