(Answered) Question - on january 1 2017 pina corporation purchased 333

Accounting

Question - On January 1, 2017, Pina Corporation purchased 333 of the $1,000 face value, 9%, 10-year bonds of Walters Inc. The bonds mature on January 1, 2027, and pay interest annually beginning January 1, 2018. Pina purchased the bonds to yield 11%. How much did Pina pay for the bonds?

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