Question: Wesimann Co . issued 1 5 - year bonds a year ago at a coupon rate of 8 . 7 perc bonds make semiannual payments

Wesimann Co. issued 15-year bonds a year ago at a coupon rate of 8.7 perc bonds make semiannual payments and have a par value of $1,000. If the YTM bonds is 7 percent, what is the current bond price? (Do not round intel calculations and round your answer to 2 decimal places, e.g.,32.16.)
Answer is complete but not entirely correct.
 Wesimann Co. issued 15-year bonds a year ago at a coupon

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