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11. Weismann Co. issued 12-year bonds a year ago at a coupon rate of 8 percent. The bonds make semiannual payments and have a par

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11. Weismann Co. issued 12-year bonds a year ago at a coupon rate of 8 percent. The bonds make semiannual payments and have a par value of $1,000. If the YTM on these bonds is 11 percent, what is the current bond price? Multiple Choice _ $1696.07 $81.25 $87572 S700.56 $821.25

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