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Weismann Co. issued 8-year bonds a year ago at a coupon rate of 7 percent. The bonds make semiannual payments and have a par value

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Weismann Co. issued 8-year bonds a year ago at a coupon rate of 7 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 $878.31 o O $1,531.43 O $793.00 O $818.21 $808.21 O

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