What is the current bond price for weismann co

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Problem 1: Weismann Co. issued 16-year bonds a year ago at a coupon rate of 11 percent. The bonds make semiannual payments and have a par value of $1,000. If the YTM on these bonds is 9 percent, what is the current bond price?

Multiple Choice


Option 1: -$1,172.89

Option 2: -$596.15

Option 3: -$1,117.34

Option 4: -$1,737.00

Option 5: -$1,162.89

Reference no: EM132678010

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