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Weisman Co. issued 15-year bonds a year ago at a coupon rate of 4.9%. The bonds make semiannual payments and have a par value of

Weisman Co. issued 15-year bonds a year ago at a coupon rate of 4.9%. The bonds make semiannual payments and have a par value of $1,000. If the yield to maturity on these bonds is 4.5%, what is the current bond price?

NOTE: Could anyone explain this not using excel formulas? Thanks!

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