Alton Corp. purchased five $1,0004% bonds of Geotherm Corporation when the market rate of interest was 8%. Interest is paid semiannually, and the bonds will mature in six years. Using the PV function in Excel 5, compute the price Alton paid (the present value) for the bond investment. (Assume that all payments of interest and principal occur at the end of the period. Round your answer to the nearest cent.) Aton paid on the bond investment. Alton Corp. purchased five $1,0004% bonds of Geotherm Corporation when the market rate of interest was 8%. Interest is paid semiannually, and the bonds will mature in six years. Using the PV function in Excel 5, compute the price Alton paid (the present value) for the bond investment. (Assume that all payments of interest and principal occur at the end of the period. Round your answer to the nearest cent.) Aton paid on the bond investment