Barnwell Corp. purchased ten $1,0006% bonds of Cecuit Corporation when the market rate of interest was 12%. Interest is paid semiannualy, and the bonds wif mature in nine years. Using the PV functioa in Excel", compute the price Barmwoll paid (the present value) for the bond investment (Assume that all payments of intarest and princlpal cecour at ehe end of ithe period. Found your answer to the nearest cont) Barnwel paid on the bond investment