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Weismann Co. issued 16-year bonds a year ago at a coupon rate of 10 percent. The bonds make semiannual payments and have a par value

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Weismann Co. issued 16-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? Multiple Choice $1172.92 $610.81 $1,182.92 $1,695,68 $1,121.52

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