alculate the price of a bond using the Excel PV function

write functions below

X 5 ? X - Sign In FILE . HOME Calibri B I Bond Pricing - Excel INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW -111 A A = % D D U . B - A Alignment Number Conditional Format as Cell Formatting Table Styles Font Styles Paste Cells Editing Clipboard A3 Number of Years: 500,000 1 On January 1, Ruiz Company issued bonds as follows: 2 Face Value: 3 Number of Years: 4 Stated Interest Rate: 5 Interest payments per year 6 (Note: the bonds pay interest annually.) 8 Required: 9 1) 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 9% 13 a) Market Interest Rate: Annual Interest Payment: Bond Selling Price: 15 16 5.5% 17 b) Market Interest Rate: Annual Interest Payment: Bond Selling Price: 21 2. Use the Excel IF function to answer either "Premium" or "Discount" to the following items. 23 The bond in (a) sold at a: 24 The bond in (b) sold at a: ... Sheet1 ... +