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

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On January 1,2025, Novak Corporation purchased 321 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,
Novak purchased the bonds to yield 11%. How much did Novak 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.)
Novak must pay for the bonds
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