Use the Information for the Question(s)below

question 79

Multiple Choice

Use the information for the question(s) below.
The Sisyphean Company has a bond outstanding with a face value of $1 000 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 semi-annually.
-Assuming that this bond trades for $1 112, then the YTM for this bond is closest to:

• A)9.2%
• B)8.0%
• C)6.8%
• D)3.4%

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The BSA

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