Question: ( b ) On January 1 , 2 0 2 5 , Pearl Corporation purchased 3 3 5 of the $ 1 , 0 0

(b)
On January 1,2025, Pearl Corporation purchased 335 of the $1,000 face value, 9%,10-year bonds of Walters Inc. The bonds mature on January 1,2035, and pay interest annually beginning January 1,2026. Pearl purchased the bonds to yield 11%. How much did Pearl 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.)
Pearl must pay for the bonds
$
( b ) On January 1 , 2 0 2 5 , Pearl Corporation

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