The bond certificate indicates that the stated coupon rate, Financial Management

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The bond certificate indicates that the stated coupon rate

The Sisyphean Company has a bond outstanding with a face value$1,000 that reaches maturity in 15 years. The bond certificate indicates that the stated coupon rate for this bond is 8.6?% and that the coupon payments are to be made semiannually.

Assuming that this bond trades for $958?, then the YTM for this bond is closest? to:

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Financial Management: The bond certificate indicates that the stated coupon rate

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Financial Management: The bond certificate indicates that the stated coupon rate

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