Question: Anthony Sau Homework: Chapter 8/Appendix F Graded Homework Question 7, EF-4B (simil... HW Score: 80%, 12 of 15 points O Points: 0 of 3 Hodson

 Anthony Sau Homework: Chapter 8/Appendix F Graded Homework Question 7, EF-4B

Anthony Sau Homework: Chapter 8/Appendix F Graded Homework Question 7, EF-4B (simil... HW Score: 80%, 12 of 15 points O Points: 0 of 3 Hodson Corp purchased fifteen $1,000 4% bonds of Energy Corporation when the market rate of interest was 12% Interest is paid semiannually, and the bonds will mature in six years, Using the PV function in Exce compute the price Hodson paid (the present value) for 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) Hodson paid Non the bond investment Activate Windows Go to Settings to activate Wind ch - C 81F Sunny 10 CO

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