2. Award: 10.00 points Wesimann Co. issued 12-year bonds a year ago at a coupon rate of 8.4 percent. The bonds make semiannual payments and have a par value of $1,000. If the YTM on these bonds is 6.7 percent, what is the current bond price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g 32.16.) Current bond price References Learning Objective: 07-02 Explain bond values and yields and why they fuctuate. Difficulty: 1 Basic Section: 7.1 Bonds and Bond Valuation Page 1 of 3 2888