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Bomwell Corp purchased ten 51 000 7% bonds of Volgo Corporation when the market rate of interest was 12% Interest is paid semanaly, and the

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Bomwell Corp purchased ten 51 000 7% bonds of Volgo Corporation when the market rate of interest was 12% Interest is paid semanaly, and the bonds will matate in seven years Using the PV function in Excel compute the price Barwell paid (the present value) for the bord investment Assume that will payments of interest and princip occur at the end of the period. Round your answer to testo Dal pard in the band met

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