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Weismann Co. issued 7-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 7-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 12 percent, what is the current bond price? Multiple Choice $793.75 $893.35 $842.32 $832.32 $1,507.03

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