Weismann Co. Issued 6-year bonds a year ago at coupon rate of 11 percent. The bonds make semiannual payments and have a par value of $1000. If the YTM on these bonds is 12 percent, what is the current bond price?

Weismann Co. issued 6-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 12 percent, what is the current bond price? Multiple Choice $963.20 $769.32 $980.41 O $1,445.61 $973.20