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cant figure out the short cuts to enter the answers 1. Calculate the price of a bond using tables. XJ 5 = ? - 5

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1. Calculate the price of a bond using tables. XJ 5 = ? - 5 X Bond Pricing - Excel FORMULAS DATA FILE HOME INSERT PAGE LAYOUT REVIEW VIEW Sign In lol i Calibri - 11 H Paste BIU. A % Alignment Number Conditional Format as Cell Formatting Table Styles Styles Cells Editing Clipboard Font C17 A B D E F 1 On January 1, Ruiz Company issued bonds as follows: 2 3 $ 4 Face Value: Number of Years: Stated Interest Rate: Interest payments per year 500,000 15 7% 5 6 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 $ 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% XD Bond Pricing - Excel ? FILE HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW Sign In Calibri 11 JU W! Paste BIU % Alignment Number Conditional Format as Cell Formatting Table Styles Styles Cells Editing Clipboard Font C17 fix V A B D E F C 19 = Bond Selling Price: 20 21 b) 22 Annual Market Rate 6.0% 23 $ 17,500.00 24 Semiannual Interest Payment: PV of Face Value: + PV of Interest Payments: = Bond Selling Price: 25 26 27 28 2. Use the Excel IF function to answer either "Premium" or "Discount" to the following items. 29 The bond in (a) sold at a: 30 31 32 The bond in (b) sold at a: 33 35 a) 34 3. Use the Excel PV FUNCTION (fx) to verify the selling prices of the bonds. Annual Market Rate 9% 36 Bond Selling Price 37 Annual Market Rate 6% 39 Bond Selling Price 38 b) 40 41 42 ty of $1 Present Value of Annuity of $1 Sheet1 LLE

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