Hodsce Coep. purchased ten $1,000.5% bonds of Galvan Corporation when the maket rase of interest was 14%. Interest is poid semiannually, and the bonds wil mature in six yean. Using the PV function in Excel", compute the price Hodson poid (the present vatue) for the bond investment. (Astume that alf paymentr of interest and principar ocaur at the end of the period. Round your arnwer to the nearost cont). Hodson paid on the bend itwestmeine