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Weismann Company issued 20-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 20-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 9 percent, what is the current bond price? Multiple Choice $1,816.25 $729.25 $657.90 $809.88 $739.25

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