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Barnwell Corp. purchased ten $1,000 8% bonds of Energy Corporation when the market rate of interest was 12%. Interest is paid semiannually, and the bonds

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Barnwell Corp. purchased ten $1,000 8% bonds of Energy Corporation when the market rate of interest was 12%. Interest is paid semiannually, and the bonds will mature in eight years. Using the PV function in Excel , compute the price Barnwell 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.) Barnwell paid $ on the bond investment. ear rent Acc Acc Emp Cur Ing-te uferre cases omme otat l Enter any number in the edit fields and then click Check

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