apter 8/Appendix F Graded K Question 11, EF-3A (similar to) > HW Score: 48.85%, 12.21 of 25 points O Points: 0 of 4 Quimby Corp. purchased five $1,000 5% bonds of Simplex Corporation when the market rate of interest was 6%. Interest is paid semiannually, and the bonds will mature Using the PV function in Excel, compute the price Quimby paid (the present value) for the bond investment. (Assume that all payments of interest and principal occur at Round your answer to the nearest cent.) Quimby paid on the bond investment.