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Determine how much did bonita pay for the bonds

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On January 1, 2020, Bonita Corporation purchased 329 of the $1,000 face value, 9%, 10-year bonds of Walters Inc. The bonds mature on January 1, 2030, and pay interest annually beginning January 1, 2021. Bonita purchased the bonds to yield 11%.

Question 1: How much did Bonita pay for the bonds? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.)

Reference no: EM132465687

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