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On January 1, 2020, Flounder Corporation purchased 350 of the $1,000 face value, 11%, 10-year bonds...

On January 1, 2020, Flounder Corporation purchased 350 of the $1,000 face value, 11%, 10-year bonds of Walters Inc. The bonds mature on January 1, 2030, and pay interest annually beginning January 1, 2021. Flounder purchased the bonds to yield 11%. How much did Flounder 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.)

Flounder must pay for the bonds $_____________

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if the Yield of the bond and the interest rate of the bond is the same. the must issued at Face Value

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