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

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Defensive

Relating to a behavior or mindset aimed at protecting oneself from criticism, harm, or other perceived threats.

Extraverted

Extraverted describes a personality trait characterized by outgoingness, sociability, and a preference for external stimulation over introspection.

Intelligent

The ability to learn, understand, and apply knowledge, solve problems, and adapt to new situations.

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The method by which individuals are screened and chosen for a role, position, or admission to an organization or institution.