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Weismann Co. issued 13-year bonds a year ago at a coupon rate of 12 percent. The bonds make semiannual payments and have a par value

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Weismann Co. issued 13-year bonds a year ago at a coupon rate of 12 percent. The bonds make semiannual payments and have a par value of $1,000. If the YTM on these bonds is 8 percent, what is the current bond price? 12 MultiplChoice $1,613.88 $1,314.94 $1,204.71 $616.59 $1,304.94

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