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Weismann Company issued 19-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 Company issued 19-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 7 percent, what is the current bond price? Multiple Choice $617.86 $1,714.17 $1,073.55 $1,111.45 $1,101.45

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