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Weismann Co

Subject:FinancePrice:2.87 Bought7

Weismann Co. issued 9-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? Multiple Choice

$1,000.00

$752.12

$1,470.09

$1,005.00

$1,010.00

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