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Hewitt Packing Company plans to issue bonds with a 10-year maturity, a $1,000 par value, a 10 percent coupon rate, and semiannual interest payments. Bonds
Hewitt Packing Company plans to issue bonds with a 10-year maturity, a $1,000 par value, a 10 percent coupon rate, and semiannual interest payments. Bonds of the same risk are currently having a yield to maturity of 12 percent. What is the value of these Hewitt Packing Company bonds? O $885.30 0 $987.40 O $1050.65 O $1114.70
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