1. Calcu ate the price of a ponc usra the Excel PV function, XA 2 ca X Eond Preno Excel FORMULAS DATA FILE HOME INSERT PAGE LAYOUT REVIEW VIEW Sign In Calon BRATA 2 Paste BTU A Alignment Number Cels Editing Conditional Format as Cell Formatting Table Styles Styles Cipocard Font A - A F G H B c D E 1 On January 1, Ruiz Company issued bonds as follows: 2 Face Amount $ 500,000 3 Number of Years: 15 4 Stated interest Rate: 8% 5 Interest payments per year 2 6 Notes the bonds gay interest semi-annually) 7 8 Required: 91) Given the different market interest rates below, calculate the following items. 10 Calculate the bond selling price USING THE EXCEL PV FUNCTION (fx). Note: Enter all 11 function arguments as cell references. 12 13 a) Market Interest Rate: 9% 14 Semi-annual interest payment: 15 Bond Selling Price: 16 17 b) Market interest Rate: 6.0% 18 Semi-annual interest payment: 19 Bond Selling Price: 20 21 2. Use the Excel IF function to answer either "Premium" or "Discount" to the following items. 22 23 The bond in (a) sold at a: 24 The bond in (b) sold at a: Sheet1