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Haygood Corp. purchased fiteen $1,000 B% bonds of Energy Corporation when the market rate of interest was 6% interest is paid semiannually, and the bonds

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Haygood Corp. purchased fiteen $1,000 B\% bonds of Energy Corporation when the market rate of interest was 6% interest is paid semiannually, and the bonds wil mature in nine yeart. Using the PV function in Excel", compute the price Haygood paid (the present value) for the bond investment. (Assume that ali payments of interest and principal docur at the end of Ein pecot Round your answer to the nearest cont.) Haygood pwid

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