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Can someone please show me how to do this using the proper excel functions/cell references? The assignment does not accept regular entries, so it must
Can someone please show me how to do this using the proper excel functions/cell references? The assignment does not accept regular entries, so it must be using a function or referencing the proper cells. Thanks!
1 On January 1, Ruiz Companv issued bonds as follows: 2 Face Amount 3 Number of Years: 4 Stated Interest Rate: 5 Interest payments per year 6 (Note: the bonds pay interest semi-annually.) 500,000 15 8% 8 Required 91) 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 13 a) Market Interest Rate 14Semi-annual interest payment 15 Bond Selling Price: 16 17 b) Market Interest Rate 18 Semi-annual interest payment 19 Bond Selling Price 20 21 2. Use the Excel IF function to answer either "Premium" or "Discount" to the following items. 9% 20,000 60% 20,000 23 The bond in (a) sold at a 24 The bond in (b) sold at aStep by Step Solution
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