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Weismann Co. issued 18-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 18-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 7 percent, what is the current bond price? * $1,202.85 $1,693.52 $591.93 $1,295.51

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