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Weismann Company issued 6-year bonds a year ago at a coupon rate of 9 percent. The bonds make semiannual payments and have a par value

Weismann Company issued 6-year bonds a year ago at a coupon rate of 9 percent. The bonds make semiannual payments and have a par value of $1,000. If the YTM on these bonds is 10 percent, what is the current bond price?

Multiple Choice

$961.39

$971.39

$1,390.09

$800.13

$979.62

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