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Haygood Corp.

Haygood Corp.

purchased 15​, $ 1000, 3​% bonds of Voltgo Corporation when the market rate of interest was 6​%. Interest is paid semiannually on the​ bonds, and the bonds will mature in five years. Using the PV function in Excel®​, compute the price Haygood paid​ (the present​ value) on the bond investment.

Haygood paid $( ? ) on the bond investment

 
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