Question

Weismann Co. issued 10-year bonds a year ago at a coupon rate of 10 percent.


Weismann Co. issued 10-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 10 percent, what is the current bond price?

  •  $1,000.00

  •  $694.77

  •  $1,588.48

  •  $1,010.00


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