Excel formula

1 On January 1, Ruiz Company issued bonds as follows: 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 15 9% \begin{tabular}{l|l|lr|} \hline \multicolumn{1}{|l|}{} & Annual Market Rate & \\ \cline { 4 - 4 } & Semiannual Interest Payment: & $ & 17,500.00 \\ \hline & PV of Face Value: & $ & 133,500.01 \\ + & PV of Interest Payments: & \\ \hline= & Bond Selling Price: & \\ \hline \end{tabular} 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: 3. Use the Excel PV FUNCTION (fx) to verify the selling prices of the bonds. \begin{tabular}{l|r|} a) Annual Market Rate & 9% \\ \hline Bond Selling Price & \end{tabular} b) Annual Market Rate Bond Selling Price 1 On January 1, Ruiz Company issued bonds as follows: 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 15 9% \begin{tabular}{l|l|lr|} \hline \multicolumn{1}{|l|}{} & Annual Market Rate & \\ \cline { 4 - 4 } & Semiannual Interest Payment: & $ & 17,500.00 \\ \hline & PV of Face Value: & $ & 133,500.01 \\ + & PV of Interest Payments: & \\ \hline= & Bond Selling Price: & \\ \hline \end{tabular} 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: 3. Use the Excel PV FUNCTION (fx) to verify the selling prices of the bonds. \begin{tabular}{l|r|} a) Annual Market Rate & 9% \\ \hline Bond Selling Price & \end{tabular} b) Annual Market Rate Bond Selling Price