The Chestnut Street Company plans to issue a bond semiannually on March 31st and September 30th. The Controller has asked you to calculate information about the bond assuming two different market interest rates in the Excel Simulation below. The present value factor tables are included in the first four tabs of the Excel Simulation. Use the information included in the Excel Simulation and the Excel functions described below to complete the task. Cell Reference: Allows you to refer to data from another cell in the worksheet. From the Excel Simulation below, if in a blank cell --C6 was entered the formula would output the result from cell C6, or 10 in this example. Multi-Tab Cell Reference: Allows you to refer to data from another cell in a separate tab in the worksheet. When using the multi-tab cell reference, type the equal sign first, then click on the other tab and then click on the cell you want to reference. The syntax of a multi-tab cell reference looks different than a normal cell reference, since it includes the tab name surrounded by opostrophes and also an exclamation point before the cell location. From the Excel Simulation below, if in a blank cell on the Sheet1 tab-'Future Value of $11C13" was entered the formula would output the result from cell C13 in the Future Value of $1 tab, or 1.10462 in this example. Basic Math functions: Allows you to use the basic math symbols to perform mathematical functions. You can use the following keys: + (plus sign to add).- (minus sign to subtract), asterisk sign to multiply), and / (forward slash to divide). From the Excel Simulation below, if In a blank cell-C6+C8* was entered the formula would add the values from those cells and output the result, or 12 in this example. If using the other math symbols the result would output an appropriate answer for its function IF function: Allows you to test a condition and return a specific value is the result is true and different value if the result is false. The syntax of the IF function is "IF(test condition value it true value. Ifalse" and specific considerations need to be made when using this function. The test condition argument is an evaluation of the status of a cell, such as if the value of a cell is greater than, less than, or equal to another number or cell. The value_if_true and value_1__false arguments will return any specific result for each option, such as another cell reference, a value, or text. Throughout the entire equation, if text is being used in the test.condition, value. Il true, or value_i_false arguments then the text itself should be entered in quotations so that Excel will recognize the text as a string of text" instead of another function. From the Excel Simulation below. If in a blank cell--1F (C6>2. Long-Term Bond Short-Term Bond) was entered the formula would output the result of the value_il_true since the test condition would be result as true, or in this case the text "Long-Term Bond". Excel processes the IF function by separating it out into separate parts. First the test condition - Excel thinks, find cell C6 and determine if the value is greater than 2 Once Excel determines if the result of that fest_condition is TRUE OF FALSE, it will return the value. I true or value Il false. VLOOKUP Function: Allows you find a value inside of a sorted data table by referencing the column and row labels. The syntax of the VLOOKUP function is - VLOOKUP\ookup_value, table_array.col.index_num,range_lookupl" and results in a value found from a data table. The lookup_value argument is the value to be found in the first column of the table. The table array is the cell reference for the The Chestnut Street Company plans to issue a bond semiannually on March 31st and September 30th. The Controller has asked you to calculate information about the bond assuming two different market interest rates in the Excel Simulation below. The present value factor tables are included in the first four tabs of the Excel Simulation. Use the information included in the Excel Simulation and the Excel functions described below to complete the task. Cell Reference: Allows you to refer to data from another cell in the worksheet. From the Excel Simulation below, if in a blank cell --C6 was entered the formula would output the result from cell C6, or 10 in this example. Multi-Tab Cell Reference: Allows you to refer to data from another cell in a separate tab in the worksheet. When using the multi-tab cell reference, type the equal sign first, then click on the other tab and then click on the cell you want to reference. The syntax of a multi-tab cell reference looks different than a normal cell reference, since it includes the tab name surrounded by opostrophes and also an exclamation point before the cell location. From the Excel Simulation below, if in a blank cell on the Sheet1 tab-'Future Value of $11C13" was entered the formula would output the result from cell C13 in the Future Value of $1 tab, or 1.10462 in this example. Basic Math functions: Allows you to use the basic math symbols to perform mathematical functions. You can use the following keys: + (plus sign to add).- (minus sign to subtract), asterisk sign to multiply), and / (forward slash to divide). From the Excel Simulation below, if In a blank cell-C6+C8* was entered the formula would add the values from those cells and output the result, or 12 in this example. If using the other math symbols the result would output an appropriate answer for its function IF function: Allows you to test a condition and return a specific value is the result is true and different value if the result is false. The syntax of the IF function is "IF(test condition value it true value. Ifalse" and specific considerations need to be made when using this function. The test condition argument is an evaluation of the status of a cell, such as if the value of a cell is greater than, less than, or equal to another number or cell. The value_if_true and value_1__false arguments will return any specific result for each option, such as another cell reference, a value, or text. Throughout the entire equation, if text is being used in the test.condition, value. Il true, or value_i_false arguments then the text itself should be entered in quotations so that Excel will recognize the text as a string of text" instead of another function. From the Excel Simulation below. If in a blank cell--1F (C6>2. Long-Term Bond Short-Term Bond) was entered the formula would output the result of the value_il_true since the test condition would be result as true, or in this case the text "Long-Term Bond". Excel processes the IF function by separating it out into separate parts. First the test condition - Excel thinks, find cell C6 and determine if the value is greater than 2 Once Excel determines if the result of that fest_condition is TRUE OF FALSE, it will return the value. I true or value Il false. VLOOKUP Function: Allows you find a value inside of a sorted data table by referencing the column and row labels. The syntax of the VLOOKUP function is - VLOOKUP\ookup_value, table_array.col.index_num,range_lookupl" and results in a value found from a data table. The lookup_value argument is the value to be found in the first column of the table. The table array is the cell reference for the
