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11 Weismann Co. issued 10-year bonds a year ago at a coupon rate of 12 percent. The bonds make semiannual payments and have a par

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11 Weismann Co. issued 10-year bonds a year ago at a coupon rate of 12 percent. The bonds make semiannual payments and have a par value of $1,000. If the YTM on these bonds is 8 percent, what is the current bond price? Multiple Choice $1,167.22 $1,253.19 $1,510.37 $1,263.19 $662.99

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