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On January 1, 2020, Crane Corporation purchased 331 of the $1,000 face value, 12%, 10-year bonds of Walters Inc. The bonds mature on January
On January 1, 2020, Crane Corporation purchased 331 of the $1,000 face value, 12%, 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 O decimal places, e.g. 458,581.) Crane must pay for the bonds +A $ 74622
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