Hodson Corp. purchased ten $1,0005% bonds of Energy Corporation when the market rate of interest was 12%. Interest is paid semianinually, and the bonds will mature in eightyears. Using the PV function in Excel. , compute the price Hodson paid (the present value) for the bond invostment. (Assume that ait payments of interest and principal oocur al the end of the poriod. Round your answer to the nearest cent.) Hodson paid on the bond investment