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P7-6 Bond Prices [LO2] Weismann Co. issued 16-year bonds a year ago at a coupon rate of 8 percent. The bonds make semiannual payments and

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P7-6 Bond Prices [LO2] Weismann Co. issued 16-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 10 percent, what is the current bond price? Multiple Choice $896.62 $647.95 $1,772.62 $856.28 $846.28

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