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How much did skysong pay for the bonds on jan

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Problem 1: On January 1, 2020, Skysong Corporation purchased 349 of the $1,000 face value, 15%, 10-year bonds of Walters Inc. The bonds mature on January 1, 2030, and pay interest annually beginning January 1, 2021. Skysong purchased the bonds to yield 11%. How much did Skysong pay for the bonds?

Reference no: EM132758744

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