Use the Information for the Question(s) Below

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 10 years. The bond certificate indicates that the stated coupon rate for this bond is 8.2% and that the coupon payments are to be made semiannually. Assuming the appropriate YTM on the Sisyphean bond is 7.3%, then the price that this bond trades for will be closest to ________.

A) $1063
B) $850
C) $1276
D) $1488

Correct Answer:

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