Weismann Company issued 11-year bonds a year ago at a coupon rate of 9 percent....
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Accounting
Weismann Company issued 11-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 8 percent, what is the current bond price?
a)$695.77
b)$1,067.95
c)$1,048.80
d)$1,547.61
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