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need correct formulas pleaseee help fill in the yellow blanks. will only let me put appropriate excel formulas for the answer to pop up Clipboard
need correct formulas pleaseee help fill in the yellow blanks. will only let me put appropriate excel formulas for the answer to pop up
Clipboard Font Styles C18 4 F 4 Book Print rences B D E 1 On January 1, Ruiz Company issued bonds as follows: 2 3 Face Value: $ 500,000 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: s 17,500.00 17 PV of Face Value: $ 133,500.01 + PV of Interest Payments: 19 = Bond Selling Price: 13 F 25 point Reforce sswmwwn A D 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 17 PV of Face Value: $ 133,500.00 IN PV of Interest Payments: 19 Band Selling Price: 20 50% Annual Market Rate 21 b) 22 23 Semiannual Interest Payment: 24 JPV 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: LLEVIARI ty of $1 Present Value of Annuity of $1 Sheets O CIB 4 B D 23 24 25 pois NRNARN bo 22 Semiannual Interest Payment: 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 3. Use the Excel PV FUNCTION() to verify the selling prices of the bonds. 9% 35 a) Annual Market Rate 36 Bond Selling Price 37 6X Annual Market Rate 39 Bond Selling Price 40 38 b) 42 43 Step by Step Solution
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