Ch 14 Excel Simulation G 1 Calculate the price of a bond using the Excel PV function. Bond Pricing- Excel 4 Sign In FILE HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEWVIEW Calibri 11 A A B IU-AAlignment Number Conditional Format as Cell Cells Editing FormattingTableStyles- A1 vXOn January 1, Ruiz Company issued bonds as follows: 1 On January 1, Ruiz Company issued bonds as fbllows: 2 Face Value 500,000 3 Number of Years: 4 Stated Interest Rate: 7% 5 Interest p ar (Note:the bonds pay interest semi-annually.) 8 Required: 1) 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 arguments as cell references. 12 13 a) Market Interest Rate 4Semiannual Interest Payment 15 Bond Selling Price: 996 16 17 b) Market Interest Rate: 5.5% 18Semiannual Interest Payment: 19 Bond Selling Price: 20 21 2. Use the Excel IF function to answer either "Premium" or "Discount" to the following items 23 The bond in (a) sold at a 24 The bond in (b) sold at a Sheet1