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On January 1, 2020, Sarasota Corporation purchased 350 of the $1,000 face value, 15%, 10-year bonds of Walters Inc. The bonds mature on January 1,

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On January 1, 2020, Sarasota Corporation purchased 350 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. Sarasota purchased the bonds to yield 11%. How much did Sarasota pay for the bonds? (Round foctor values to 5 decimal places, es. 1.25124 and final answer to O decimal places, eg. 458,581.) Sarasota must pay for the bonds

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