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Weismann Company issued 7-year bonds a year ago at a coupon rate of 8 percent. The bonds make semiannual payments and have a par value

Weismann Company issued 7-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 8 percent, what is the current bond price?

A$793.75

B$1,010.00

C$1,005.00

D$1,000.00

E$1,379.40

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