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question 14

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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 9.0%,then the price that this bond trades for will be closest to:


Definitions:

Hypertension

A medical condition characterized by persistently high blood pressure.

Aortic Aneurysm

A dangerous and abnormal bulge in the wall of the aorta, the largest artery in the body, which can lead to life-threatening bleeding if it ruptures.

Pericarditis

An inflammation of the pericardium, the thin sac-like membrane surrounding the heart, which can cause chest pain and other symptoms.

Hypotension

A medical condition characterized by blood pressure that is lower than normal, which can result in symptoms like dizziness or fainting.

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