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On January 1, 2020, Marin Corporation purchased 338 of the $1,000 face value, 9%, 10-year bonds of Walters Inc. The bonds mature on January 1,

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On January 1, 2020, Marin Corporation purchased 338 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. Marin purchased the bonds to yield 11%. How much did Marin pay for the bonds? (Round factor values to 5 decimal places, eg. 1.25124 and final answer to decimal places, eg. 458,581.) Marin must pay for the bonds $

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