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Welsmann Co. 1ssued 15-year bonds a year ago at a coupon rate of 12 percent. The bonds make semlannual payments and have a par value

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Welsmann Co. 1ssued 15-year bonds a year ago at a coupon rate of 12 percent. The bonds make semlannual 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 $1.441.68 $1.451.68 $59335 $1,62235 $1.29294

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