How much did fishbone pay for bonds

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Reference no: EM13144173

On January 1, 2010, Fishbone Corporation purchased 340 of the $1,000 face value, 11%, 10-year bonds of Walters Inc. The bonds mature on January 1, 2020, and pay interest annually beginning January 1, 2011. Fishbone purchased the bonds to yield 10%. How much did Fishbone pay for the bonds?

Reference no: EM13144173

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