In: Finance
Weismann Co. issued 9-year bonds a year ago at a coupon rate of 10 percent. The bonds make semiannual 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
$714.05
$1,427.29
$1,181.41
$1,119.12
$1,191.41