A C E G The Chestnut Street Company plans to issue a bond semiannually on March 31st and September 30th. The Controller has asked you to calculate information about the bond assuming two different market interest rates. Use the information included and the Excel functions described below to complete the task. Information relating to this bond is found below: Face Value: Number of Years: Stated Interest Rate: Number of Payments per Year: Here are some tips for using Excel: Cell Reference: Basic Math functions: $825,000 10 7% 2 Allows you to refer to data from another cell in the worksheet. From the Excel Simulation below, if in a blank cell, "C6" was entered, the formula would output the result from cell C6, or 10 in this example. Allows you to use the basic math symbols to perform mathematical functions. You can use the following keys: + (plus sign to add),- (minus sign to subtract), (asterisk sign to multiply), and/ (forward slash to divide). From the Excel Simulation below, if in a blank cell "C6+C8" was entered, the formula would add the values from those cells and output the result, or 12 in this example. If using the other math symbols the result would output an appropriate answer for its function. Allows you to test a condition and return a specific value is the result is true and different value if the result is false. The syntax of the IF function is "IF(test_condition,value_if_true,value_if_false)" and specific considerations need to of the stati Required: Calculate or provide the information requested using a formula or cell reference unless you are instructed to use a specific function: 1) Assume the Market Interest Rate is: 8% a. How many total payments or periods will this bond pay interest? b. Calculate the amount of interest that will be paid on March 31st. c. Calculate the selling price of this bond using the PV Function. d. Use the IF function to show the balance in the Premium or Discount account at the time the bond is issued based on the selling price you calculated in letter c. 2) Assume the Market Interest Rate is: 6% a. Calculate the amount of interest that will be paid on March 31st. b. Calculate the selling price of this bond using the PV Function. c. Use the IF function to show the balance in the Premium or Discount account at the time the bond is issued based on the selling price you calculated in letter c. 20 $28,875 $28,875