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Weismann Company issued 5 - year bonds a year ago at a coupon rate of 7 percent. The bonds make semiannual payments and have a

Weismann Company issued

5 -

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

8

percent, what is the current bond price?

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