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Saved P7-6 Bond Prices [LO2) Weismann Co. issued 16-year bonds a year ago at a coupon rate of 7 percent. The bonds make semiannual payments

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Saved P7-6 Bond Prices [LO2) Weismann Co. issued 16-year bonds a year ago at a coupon rate of 7 percent. The bonds make semiannual payments and have a par value of $1,000. If the YTM on these bonds is 9 percent, what is the current bond price? Multiple Choice $1,737.00 $671.37 $837.11 $892.66 $84711

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