The Chestnut Street Company plans to issues 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 tobies 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, it in a blank cell-C6" was entered the formula would output the result from cell C6 or 10 in this example Multi-Tob Cell Reference: Allows you to refer to data from another cell in a separate tab in the walkineet Whionning the moder-teb 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 apostrophes and also an exclamation point before the cell location. From the Excel Simulation below, if in a blank cell on the Sheeran Future Value of STIC13 was entered, the formula would output the result from cell C13 in the Future Value of Sitab, or 110462 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, itin o blank cell +C6+c8" was entered the formule 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 o 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_l_true value_false) 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 cellis greater than less than or equal to another number or cell. The value_Ime and value_l_lelse 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 rest.condition value_j_true or value_it_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-F(C6-2. Long-Term Bond Short-Term Bond') was entered the formula would output the result of the valve/ve since the test. condition would be result as true, or in this case the text "Long-Term Bond" Excel processes the IF function 1 The Chestnut Street Company plans to issue $825,000, 10-year bonds that pay 7 percent 2 semiannually on March 31st and September 30th. 3 4 Information relating to this bond is found below: 5 Face Value: $ 825,000 6 Number of Years: 10 7 Stated Interest Rate: 796 8 Number of Payments per Year: 2 9 10 Required: 11 Calculate or provide the information requested using a formula or cell reference unless 12 you are instructed to use a specific function: 13 14 1) Assume the Market Interest Rate is: 8% 15 How many total payments or periods will this bond pay interest? 17 18 b. When calculating the bond selling price, show the factor from 19 the appropriate future or present value table (found in worksheets included in this workbook) that would be used to calculate the 21 bond interest payments. 22 16 a. 20 20 25 C 24 25 26 27 Repeat question b. but now use the VLOOKUP function. For the Lookup Value argument, your function should reference the result you calculated in question a. Your function should look for an exact match to the value used in the Lookup_value argument. 28 d. Calculate the amount of interest that will be paid on March 31st. $ 28,875 29 30 e. 31 32 33 f. 34 Calculate the value of the interest payments that would be used when determining the bond selling price. 35 g Calculate the selling price of this bond: Using the IF function, show the word "Premium" or "Discount based on the selling price you calculated in letter f. 36 37 38 2) 39 Assume the Market Interest Rate is: 6% 40 a. 41 When calculating the bond selling price, show the factor from the appropriate future or present value table (found in worksheets included in this workbook) that would be used to calculate the bond interest payments. 42 43 44 45 b. Repeat question a. but now use the VLOOKUP function 1 Present Value of Annuity of $1 Bond Pricing 3. BE The Chestnut Street Company plans to issues 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 tobies 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, it in a blank cell-C6" was entered the formula would output the result from cell C6 or 10 in this example Multi-Tob Cell Reference: Allows you to refer to data from another cell in a separate tab in the walkineet Whionning the moder-teb 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 apostrophes and also an exclamation point before the cell location. From the Excel Simulation below, if in a blank cell on the Sheeran Future Value of STIC13 was entered, the formula would output the result from cell C13 in the Future Value of Sitab, or 110462 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, itin o blank cell +C6+c8" was entered the formule 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 o 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_l_true value_false) 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 cellis greater than less than or equal to another number or cell. The value_Ime and value_l_lelse 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 rest.condition value_j_true or value_it_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-F(C6-2. Long-Term Bond Short-Term Bond') was entered the formula would output the result of the valve/ve since the test. condition would be result as true, or in this case the text "Long-Term Bond" Excel processes the IF function 1 The Chestnut Street Company plans to issue $825,000, 10-year bonds that pay 7 percent 2 semiannually on March 31st and September 30th. 3 4 Information relating to this bond is found below: 5 Face Value: $ 825,000 6 Number of Years: 10 7 Stated Interest Rate: 796 8 Number of Payments per Year: 2 9 10 Required: 11 Calculate or provide the information requested using a formula or cell reference unless 12 you are instructed to use a specific function: 13 14 1) Assume the Market Interest Rate is: 8% 15 How many total payments or periods will this bond pay interest? 17 18 b. When calculating the bond selling price, show the factor from 19 the appropriate future or present value table (found in worksheets included in this workbook) that would be used to calculate the 21 bond interest payments. 22 16 a. 20 20 25 C 24 25 26 27 Repeat question b. but now use the VLOOKUP function. For the Lookup Value argument, your function should reference the result you calculated in question a. Your function should look for an exact match to the value used in the Lookup_value argument. 28 d. Calculate the amount of interest that will be paid on March 31st. $ 28,875 29 30 e. 31 32 33 f. 34 Calculate the value of the interest payments that would be used when determining the bond selling price. 35 g Calculate the selling price of this bond: Using the IF function, show the word "Premium" or "Discount based on the selling price you calculated in letter f. 36 37 38 2) 39 Assume the Market Interest Rate is: 6% 40 a. 41 When calculating the bond selling price, show the factor from the appropriate future or present value table (found in worksheets included in this workbook) that would be used to calculate the bond interest payments. 42 43 44 45 b. Repeat question a. but now use the VLOOKUP function 1 Present Value of Annuity of $1 Bond Pricing 3. BE