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Weismann Co. issued 15-year bonds a year ago at a coupon rate of 10 percent. The bonds make semiannual payments and have a par value
Weismann Co. issued 15-year bonds a year ago at a coupon rate of 10 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?
- 1116.18
- 1670.52
- 621.70
- 1176.63
- 1166.63
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