C18 x fx A B 1 On January 1, Ruiz Company issued bonds as follows: Face Value: Number of Years: 2 3 4 5 6 Interest payments per year 7 Stated Interest Rate: C D E $ 500,000 15 7% 2 D 8 9 Required: 10 1) Calculate the bond selling price given the two market interest rates below. 11 Use formulas that reference data from this worksheet and from the appropriate future or 12 present value tables (found by clicking the tabs at the bottom of this worksheet). 13 Note: Rounding is not required. 14 a) Annual Market Rate 9% 15 16 Semiannual Interest Payment: $ 17,500.00 17 PV of Face Value: $ 133,500.01 18 +PV of Interest Payments: 19 20 21 b) 22 21 22 Bond Selling Price: Annual Market Rate 6.0%