Haddock Corp. purchased 10 $1,000,4% bonds of Galvan Copo ason when market rate of interest was 14%, interest is p d se ia n any on the bonds, and he bonds wil mat rein in years. Using the PV function in Excel , compute the price Haddock paid (the present value) on the bond investment. (Assume that all payments of interest and prindipal ocur at the end of the period. Round y answer to the nearest cent.) Haddock paid S onthe bond investm ont