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Weismann Co . issued 1 5 - year bonds a year ago at a coupon rate of 8 percent. The bonds make semiannual payments and

Weismann Co

.

issued

15 -

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

7

percent, what is the current bond price?

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