(Answered) Question - stockman corp purchased 10 1000 6 bonds of

Accounting

Question - Stockman Corp. purchased 10, $ 1,000 6% bonds of Energy Corporation when the market rate of interest was 14%. Interest is paid semiannually on the bonds, and the bonds will mature in six years. Using the PV function in Excel Superscript Excel, compute the price Stockman

Calculate the Stockman paid (the present value) 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.)

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