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Weismann Co. issued 20-year bonds a year ago at a coupon rate of 8 percent. The bonds make semiannual payments and have a par value

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Weismann Co. issued 20-year bonds a year ago at a coupon rate of 8 percent. The bonds make semiannual payments and have a par value of $1,000. If the YTM on these bonds is 11 percent, what is the current bond price? Multiple Choice $772.93 $825.74 $762.93 $60927 $1,873.26

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