On January 1, Ruiz Company issued bond as Follows:

Face Value: 500000$

Number of Years: 30

Stated Interest Rate: 7%

Intrest Payments Per Year: 2

Cells Editing Paste B TU. Alignment Number Conditional Formatas Cell Formatting Table Styles Styles Clipboard Font B14 f V A B D E F G H H 1. On January 1, Ruiz Company issued bonds as follows: 2 Face Value: $ 500,000 3 Number of Years: 30 4 Stated interest Rate: 7% 5 Interest payments per year 2 6. (Note: the bonds pay interest semi-annually.) 7 Required: 9 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 11 function arguments as cell references. 12 13 a) Market Interest Rate: 9% 5 Interest payments per year 6 (Note: the bonds pay interest semi-annually.) 7 8 Required: 91) Given the different market interest rates below, calculate the following items. 10 Calculate the bond selling price USING THE EXCEL PV FUNCTION (6x). Note: Enter all 11 function arguments as cell references. 12 13 a) Market Interest Rate: 9% 14 Semiannual Interest Payment: 15 Bond Selling Price: 16 17 b) Market interest Rate: 5.5% 18 Semiannual Interest Payment: 19 Bond Selling Price: 20 21 2. Use the Excel IF function to answer either "Premium" or "Discount to the following items. 22 23 The bond in (a) sold at a 24 The bond in (b) sold at a: 25 26 27 Sheet1