Haddock Corp purchased five $1,000 7% bonds of Circuit Corporation when the market rate of intorest was 6 % Interest is paid semiannually, and the bonds will mature in six yoars Using the PV function in Excel, compute the price Haddock paid (the present value) for the bond investment (Assume that all payments of interest and principal occur at the ond of the period. Round your answer to the nearest cent) Haddock paid on the bond investment