The Sisyphean Company has a bond outstanding with a face value of​ $1000 that reaches maturity in 9 years. The bond certificate indicates that the stated coupon rate for this bond is 5%and that the coupon payments are to be made semiannually. Assuming the appropriate YTM on the Sisyphean bond is 7.3%, then the price of this bond will​ be:   The price of the bond​ is: ​$​           (round to two decimal​ places)

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter8: Analysis Of Risk And Return
Section: Chapter Questions
Problem 9P
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The Sisyphean Company has a bond outstanding with a face value of​ $1000 that reaches maturity in 9 years. The bond certificate indicates that the stated coupon rate for this bond is 5%and that the coupon payments are to be made semiannually. Assuming the appropriate YTM on the Sisyphean bond is 7.3%, then the price of this bond will​ be:
 
The price of the bond​ is: ​$​           (round to two decimal​ places)

 

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