How much did sweet pay for the bonds

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Reference no: EM131224086

On January 1, 2017, Sweet Corporation purchased 325 of the $1,000 face value, 11%, 10-year bonds of Walters Inc. The bonds mature on January 1, 2027, and pay interest annually beginning January 1, 2018. Sweet purchased the bonds to yield 12%. How much did Sweet 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.) Sweet must pay for the bonds $ Entry field with incorrect answer

Reference no: EM131224086

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