Use the Information for the Question(s)below

question 68

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 that this bond trades for will be closest to:

• A)$1045
• B)$691
• C)$1000
• D)$957

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Definitions:

Psychodynamic Therapists

Mental health professionals who apply theories of psychoanalysis and psychodynamic psychology to treat patients.

Benzodiazepines

A class of psychoactive drugs used to treat conditions such as anxiety, insomnia, and seizures by enhancing the effect of the neurotransmitter GABA.

Antidepressant Drugs

Medications used to treat depression and other conditions by influencing neurotransmitter activity in the brain.

MAO Inhibitors

A class of medications used to treat depression by preventing the breakdown of monoamine neurotransmitters, enhancing mood.