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On January 1, 2020, Bridgeport Corporation purchased 349 of the $ 1,000 face value, 15%, 10-year bonds of Walters Inc. The bonds mature on January

On January 1, 2020, Bridgeport Corporation purchased 349 of the $ 1,000 face value, 15%, 10-year bonds of Walters Inc. The bonds mature on January 1, 2030, and pay interest annually beginning January 1, 2021. Bridgeport purchased the bonds to yield 11%. How much did Bridgeport 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.)

Bridgeport must pay for the bonds

$ enter a dollar amount should be paid for the bonds

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