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Hewitt packing company has an issue of 1,000 par value bonds with a 14 percent annual coupon.Interest rate the issue has ten years remaining to

Hewitt packing company has an issue of 1,000 par value bonds with a 14 percent annual coupon.Interest rate the issue has ten years remaining to the maturity date bonds of similar risk are currently selling.

To yield a 12 percent rate of return the current value of each Hewitt bond is?

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