A B 1 2 On January 1, Ruiz Company issued bonds as follows: 3 4. Face Amount: 5 Number of Years: 6 Stated Interest Rate: 7 Interest payments per year $500,000 15 7% 2 8 9 Required: 10 1) Calculate the bond selling price given the two market interest rates below. D G H 11 Use formulas that reference data from this worksheet and from the appropriate future or present value tables (found by clicking the tabs at the bottom of 12 this worksheet). 13 Note: Rounding is not required. 14 15 a) 16 17 18 19 20 Annual Market Rate Semiannual interest Payment: PV of Face Amount: +PV of Interest Payments: Bond Selling Price: BX rate nper, pmt Dy 9% $17,500 137,260.02 281,286 54 418.555.56 21 b) Annual Market Rate 6.00% Present Value of $1 Future Value of Annuity of $1 Workbook Statistics Present Value of Annuity of $1 Graded Worksheet Give Feedback to Microsoft 4 < of $11 Calculation Mode Automatic