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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
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
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