On January 1, 2020, Crane Corporation purchased 325 of the $1,000 face value, 9%, 10-year bonds of Walters Inc. The bonds mature on January 1, 2030, and pay interest annually beginning January 1, 2021. Crane purchased the bonds to yield 11%. How much did Crane 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.)

Crane must pay for the bonds

$enter a dollar amount should be paid for the bonds