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.

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Definitions:

Hidden Curriculum

Refers to the unwritten, unofficial, and often unintended lessons, values, and perspectives that students learn in school alongside the formal curriculum.

Self-Fulfilling Prophecy

A belief or expectation that influences actions in a way that causes the belief to come true.

Meritocracy

A system or society wherein progress, success, and positions are achieved based on abilities and talent rather than on class privilege or wealth.

Flynn Effect

The observed substantial and long-term increase in both fluid and crystallized intelligence test scores measured in many parts of the world over the 20th century.