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Find the price that this bond trades for will be closest to

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The Sisyphean Company has a bond outstanding with a face value of $5,000 that reaches maturity in 5 years. The bond certificate indicates that the stated coupon rate for this bond is 9.6% and that the coupon payments are to be made semiannually.

Problem 1: Assuming the appropriate YTM on the Sisyphean bond is 7.5%, then the price that this bond trades for will be closest to:

Reference no: EM132807943

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