Accounting -On January 1, 2014, Fishbone Corporation purchased 350 of the $1,000 face value

| January 31, 2017

Question
On January 1, 2014, Fishbone Corporation purchased 350 of the $1,000 face value, 11%, 10-year bonds of Walters Inc. The bonds mature on January 1, 2024, and pay interest annually beginning January 1, 2015. Fishbone purchased the bonds to yield 10%. How much did Fishbone pay for the bonds?

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