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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?

  1. 1116.18
  2. 1670.52
  3. 621.70
  4. 1176.63
  5. 1166.63

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