Corporate Finance. Book: Principles of Corporate Finance, Richard Brealey 12 edition

Refer to the following information:

Amount issued	$430 million
Offered	Issued at a price of 98.50% plus accrued interest (proceeds to company 98.614%) through First Boston Corporation.
Interest	10.00% per annum, payable February 15 and August 15.

a. Suppose the debenture was issued on September 1, 1992, at the offered price. How much would you have to pay to buy one bond delivered on September 15? Dont forget to include accrued interest. Assume a 365-day year. (Do not round intermediate calculations. Enter your answer as a percent of par rounded to 3 decimal places.)

Amount to be paid = %