What is the value of the hewitt packing company bonds, Financial Accounting

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What is the value of the hewitt packing company bonds

Problem

Hewitt Packing Company plans to issue bonds with a 10*year maturity, a $1,000 par value, a 9 percent coupon rate, and semiannual interest payments. Bonds of the same risk are currently having a yield to maturity of 11 percent. What is the value of these Hewitt Packing Company bonds?

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Financial Accounting: What is the value of the hewitt packing company bonds

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