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Intermediate Accounting On January 1, 2020, EXP Corporation purchased350of the $1,000face value,9%,10-year bonds of Walters Inc. The bonds mature on January 1, 2030, and pay

Intermediate Accounting

On January 1, 2020, EXP Corporation purchased350of the $1,000face value,9%,10-year bonds of Walters Inc. The bonds mature on January 1, 2030, and pay interest annually beginning January 1, 2021. EXP purchased the bonds to yield11%. How much did EXP pay for the bonds?

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