Bond outstanding with face value

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The Sisyphean Company has a bond outstanding with a face value of $1,000 that reaches maturity in 5 years. The bond certificate indicates that the started coupon rate for this bond is 8.4% and that the coupon payments are to be made semiannually. Assuming the appropriate YTM on the Sisyphean bond is 10.3%, then the price that this bond trades for will be closest to? show steps.

Reference no: EM131065574

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