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please answer Barnwe Corp. purchased 15, $1,000 6 bonds o Voltgo Corporation when the market rate of interest was 6 % nterest is ald sem
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Barnwe Corp. purchased 15, $1,000 6 bonds o Voltgo Corporation when the market rate of interest was 6 % nterest is ald sem annual y on the bonds and the bon s mature e eas. Using the PV function in Excel, compute the price Barnwell paid (the present valuc) on the bond investment. (Assume that all payments of interest and principal occur at the end of the period. Round your answer to the nearest cent.) Barnwell paid on the bond investmentStep by Step Solution
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