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Weismann Co. issued 6-year bonds a year ago at a coupon rate of 9 percent. The bonds make semiannual payments and have a par value

Weismann Co. issued 6-year bonds a year ago at a coupon rate of 9 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

$1,418.57
$955.04
$924.62
$934.62
$800.13

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