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Weismann Co. issued 5-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 5-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 8 percent, what is the current bond price? Multiple Choice $1,07178 $798.73 $1,100.99 $1,110.99 $1,273.31

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