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Use the Information for the Question(s)below

Question 98

Multiple Choice

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 the appropriate YTM on the Sisyphean bond is 7.5%,then the price at which this bond trades will be closest to:


A) $1045.
B) $691.
C) $1000.
D) $957.

Correct Answer:

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