The Sisyphean Company has a bond outstanding with a face value of $ 5000 that reaches maturity in 8 years. The bond certificate indicates that the stated coupon rate for this bond is 8.2%and that the coupon payments are to be made semiannually. Assuming the appropriate YTM on the Sisyphean bond is 9.5%, then the price that this bond trades for will be closest to?
A) $5570
B) 3713
C) 4641
D 6498
SEE THE IMAGE. ANY DOUBTS, FEEL FREE TO ASK. THUMBS UP PLEASE
ANSWER : C) 4641
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