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Weismann Company issued 16-year bonds a year ago at a coupon rate of 6 percent. The bonds make semiannual payments and have a par value
Weismann Company issued 16-year bonds a year ago at a coupon rate of 6 percent. The bonds make semiannual payments and have a par value of $1,000. If the YTM on these bonds is 6 percent, what is the current bond price?
$698.82 $1,010.00 $1,005.00 $1,000.00 $1,592.01
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