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calculate the price of a bond to using a table please answer in formula like the one on cell 17 displayed on top X =+C3Present
calculate the price of a bond to using a table
X =+C3Present Value of $11926 1 On January 1, Ruiz Company issued bonds as follows: $ 500,000 Face Value: Number of Years: Stated Interest Rate: Interest payments per year eBook Print eferences 9 Required: 101) 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. Annual Market Rate $ 17,500.00 133 500.01 S Semiannual Interest Payment: PV of Face Value: PV of Interest Payments: Bond Selling Price: $ 418,555.56 21 b) Annual Market Rate 6.00 Saved C17 =+C3*'Present Value of $1'! 26 + PV of Interest Payments: = Bond Selling Price: 418,555.56 Annual Market Rate 6.0% 17,500.00 Semiannual Interest Payment: PV of Face Value: + PV of Interest Payments: = Bond Selling Price: 549,001.10 2. Use the Excel IF function to answer either "Premium" or "Discount" to the following items. The bond in (a) sold at a: The bond in (b) sold at a: 34 3. Use the Excel PV FUNCTION (fx) to verify the selling prices of the bonds. 35 a) Annual Market Rate 9% Bond Selling Price 38 b) Annual Market Rate Bond Selling Price please answer in formula like the one on cell 17 displayed on top
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