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Weismann Co. issued 16-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 16-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 6 percent, what is the current bond price? Multiple Choice $1,319.03 $1,490.01 $1,500.01 $1,592.01 $596.15

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