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Problem 7-6 Bond Prices [LO2] Wesimann Co. issued 14-year bonds a year ago at a coupon rate of 7.4 percent. The bonds make semiannual payments

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Problem 7-6 Bond Prices [LO2] Wesimann Co. issued 14-year bonds a year ago at a coupon rate of 7.4 percent. The bonds make semiannual payments and have a par value of $1,000. If the YTM on these bonds is 5.7 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

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