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3. Weismann Co. issued 20-year bonds 3 years ago at a coupon rate of 4.9 percent. The bonds make semiannual payments and have a par

3. Weismann Co. issued 20-year bonds 3 years ago at a coupon rate of 4.9 percent. The bonds make semiannual payments and have a par value of $1,000. If the YTM on these bonds is 5.4 percent, what is the current bond price?

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