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On January 1 , 2 0 2 5 , Headland Corporation purchased 3 1 8 of the $ 1 , 0 0 0 face value,

On January 1,2025, Headland Corporation purchased 318 of the $1,000 face value, 9%,10-year bonds of Walters Inc. The bonds
mature on January 1,2035, and pay interest annually beginning January 1,2026. Headland purchased the bonds to yield 11%.
How much did Headland 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.)
Headland must pay for the bonds $
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