QM11 The Sisyphean Company has a bond outstanding with a face value of...

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Finance

QM11

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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. QM 10. How much will each semiannual coupon payment be? A. $60 B. $40 C. $120 D. $80 QM 11. 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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