Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

can you please show the functions in excel E F D A B 1 On January 1, Ruiz Company issued bonds as follows: 2 3

can you please show the functions in excel
image text in transcribed
image text in transcribed
image text in transcribed
E F D A B 1 On January 1, Ruiz Company issued bonds as follows: 2 3 Face Value: $ 500,000 4 Number of Years: 15 5 Stated Interest Rate: 7% 6 Interest payments per year 2 7 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 C17 fx A B D E E F 15 16 $ 17,500.00 17 Semiannual Interest Payment: PV of Face Value: + PV of Interest Payments: = Bond Selling Price: 18 19 20 21 b) Annual Market Rate 6.0% 22 23 Semiannual Interest Payment: 24 PV of Face Value: 25 + PV of Interest Payments: 26 = Bond Selling Price: 27 28 2. Use the Excel IF function to answer either "Premium" or "Discount" to the following items. 29 30 The bond in (a) sold at a: E D F B E A 22 23 Semiannual Interest Payment: 24 PV of Face Value: 25 + PV of Interest Payments: 26 = Bond Selling Price: 27 28 2. Use the Excel IF function to answer either "Premium" or "Discount" to the following items. 29 30 The bond in (a) sold at a: 31 32 The bond in (b) sold at a: 33 34 Use the Excel PV FUNCTION (Ex) to verify the selling prices of the bonds. 35 Annual Market Rate 9% 36 Bond Selling Price 37 Annual Market Rate 6% 39 Bond Selling Price 40 38 b) 41 42 43

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Income Tax Fundamentals 2013

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

31st Edition

9781285586618

Students also viewed these Accounting questions

Question

Explain the various techniques of Management Development.

Answered: 1 week ago