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question 57

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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 that this bond trades for $903,then the YTM for this bond is closest to:


Definitions:

Anorexics

Individuals who suffer from anorexia nervosa, an eating disorder characterized by an obsessive fear of gaining weight and severely restricted food intake.

Emotional Support

Assistance provided through empathy, concern, and understanding to help someone cope with stress or difficulties.

Motivated to Change

The state of being willing or driven to alter one's behavior, circumstances, or perspectives in pursuit of improvement.

Bulimics

People dealing with bulimia nervosa, an eating disorder marked by a cycle of overeating followed by forced vomiting or other methods to prevent weight gain.

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