On January 1, Ruiz Company issued bonds as follows: $ Face Value: Number of Years: Stated Interest Rate: Interest payments per year 500,000 15 796 2 Required: 1) Calculate the bond selling price given the two market interest rates below. Use formulas that reference data from this worksheet and from the appropriate future or present value tables (found by clicking the tabs at the bottom of this worksheet). Vote: Rounding is not required. a) Annual Market Rate 996 Semiannual Interest Payment: PV of Face Value: + PV of Interest Payments: = Bond Selling Price: 3) Annual Market Rate 6.096 Semiannual Interest Payment: PV of Face Value: + PV of Interest Payments: = Bond Selling Price: 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. a) Annual Market Rate 996 Bond Selling Price 2) 696 Annual Market Rate Bond Selling Price