Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please put the correct formulas/the key to type in Excel because i try other people answers and the formulas are incorrect. Please put the correct

"Please put the correct formulas/the key to type in Excel because i try other people answers and the formulas are incorrect."

image text in transcribedimage text in transcribed

"Please put the correct formulas/the key to type in Excel because i try other people answers and the formulas are incorrect."

1. Calculate the price of a bond using tables. ? Bond Pricing - Excel FORMULAS DATA FILE HOME INSERT PAGE LAYOUT REVIEW VIEW Sign In Calibri 11 AA Paste BIU. Cells A. Alignment Number Conditional Format as Cell Formatting Table Styles Styles Clipboard Font C17 D E F A 1 On January 1, Ruiz Company issued bonds as follows: 3 Face Value: $ 500,000 4 Number of Years: 15 5 Stated Interest Rate: 7% 6 Interest payments per year 2 7 8 9 Required: 101) 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 dicking 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 py of Face Value: 18 + pv of Interest Payments: 19 = Bond Selling Price: 20 Annual Market Rate 6.0% 22 23 Semiannual Interest Payment: Lof Benalu ity of $1 Present Value of Annuity of $1 Sheet1 21 b) READY # + 100% 1. Calculate the price of a bond using tables. H5 ? X Bond Pricing - Excel FORMULAS DATA FILE HOME INSERT PAGE LAYOUT REVIEW VIEW Sign In Calibri AA Paste BIU. Cell Cells Alignment Number Conditional Format as Formatting Table Styles Styles Clipboard Font C17 --- A D E F Annual Market Rate 6.096 21 b) 22 23 24 25 26 27 Semiannual interest Payment: py of Face Value: + pv of Interest Payments: = Bond Selling Price: 29 30 31 32 33 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: 34 3. Use the Excel PV FUNCTION (fx) to verify the selling prices of the bonds. 35 a) Annual Market Rate 36 Bond Selling Price 9% 37 38 b) 39 6% Annual Market Rate Bond Selling Price 40 41 42 43 4 ity of $1 Present Value of Annuity of $1 Sheet1 + READY 100%

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

CISA Certified Information Systems Auditor All In One Exam Guide

Authors: Peter H. Gregory

4th Edition

1260458806, 978-1260458800

More Books

Students also viewed these Accounting questions