Use the Information for the Question(s)below

question 14

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

• A)$946
• B)$919
• C)$1086
• D)$1000

---

Definitions:

Environmental Pollutants

Substances introduced into the environment that can cause harm or discomfort to organisms, including humans.

Sickle-cell Gene

A genetic variant that affects the shape of red blood cells, causing them to assume a sickle shape, which can lead to various health complications.

Malaria

A mosquito-borne infectious disease affecting humans and other animals caused by Plasmodium parasites, characterized by fever, vomiting, and other flu-like symptoms.

Dairying

The practice of keeping and breeding dairy cattle for milk production.