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Weismann Co. issued 17-year bonds a year ago at a coupon rate of 7 percent. The bonds make semiannual payments and have a par value

Weismann Co. issued 17-year bonds a year ago at a coupon rate of 7 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 $1,671.41 $1,010.00 $1,005.00 $660.29 $1,000.00

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