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NEED THE ANSWERS TO BE GIVEN AS FORMULAS AS THEY ARE NEEDED FOR FULL CREDIT Saved 1 On January 1, Ruiz Company issued bonds as
NEED THE ANSWERS TO BE GIVEN AS FORMULAS AS THEY ARE NEEDED FOR FULL CREDIT
Saved 1 On January 1, Ruiz Company issued bonds as follows: 500,000 Face Value: Number of Years: Stated Interest Rate: Interest payments per year (Note: the bonds pay interest annually.) 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) Market Interest Rate: $ 35,000.00 Annual Interest Payment: PV of Face Value: + PV of interest Payments: Bond Selling Price: 21 b) Market Interest Rate: 55 Annual Interest Payment: -3 Note: Rounding is not required. 14 a) Market Interest Rate: 15 Annual Interest Payment: PV of Face Value: + PV of Interest Payments: = Bond Selling Price: $ 35,000.00 Market Interest Rate: 22 Market Interest Rate Annual Interest Payment: PV of Face Value: + PV of Interest Payments: = Bond Selling Price: 28 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: of 1 Present Value of Any of $ Sht Step by Step Solution
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