Slockman Corp. purchased fifteen $1,0003% bonds of Power Source Corporation when the market rate of interest was 8%, Interest is paid semiannualiy, and the bonds will mature in four years Using the PV function in Excel? , compute the price Stockman paid (the present value) for the bond investment. (As"ume that all payments of interest and principal oocur at the end of the period. Round your answer to the nearest cent.)