Use the Information for the Question(s)below

question 28

Essay

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 that this bond trades for $1035.44,then the YTM for this bond is equal to:

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Definitions:

Pain Relief

Techniques or medications used to reduce or eliminate physical discomfort or pain.

Anorexic

One suffering from anorexia.

Anorexia

An eating disorder characterized by an abnormally low body weight, intense fear of gaining weight, and a distorted perception of body weight or shape.

Suffering

The experience of pain, discomfort, or distress, either physically, emotionally, or psychosocially.