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Weismann Co. issued 9-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 9-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 11 percent, what is the current bond price? Multiple Choice $1,005.00 $1,579.42 $1,010.00 $1,000.00 O C $697.46

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