A culture production system is a set of individuals and organizations that create and market cultural products

Interest on a $100,000 note at 4% for 45 days is $493. (Use a 360 day year. Round your answer to the nearest dollar.)

Indicate whether the statement is true or false

Hewitt Packing Company has an issue of $1,000 par value bonds with a 14 percent coupon interest rate outstanding. The issue pays interest semiannually and has 10 years remaining to its maturity date

Bonds of similar risk are currently selling to yield a 12 percent rate of return. What is the value of these Hewitt Packing Company bonds?