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Weismann Co. issued 14-year bonds a year ago at a coupon rate of 11 percent. The bonds make semiannual payments and have a par value

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Weismann Co. issued 14-year bonds a year ago at a coupon rate of 11 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? Multiple Choice $1,595.16 $1,223.41 $1,337.81 $1,347.81 $618.00

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