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The Salcemi Corporation's $1,000 bonds pay 5 percent interest annually and have 12 years until maturity. You can purchase a bond for $915. Complete the

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The Salcemi Corporation's $1,000 bonds pay 5 percent interest annually and have 12 years until maturity. You can purchase a bond for $915. Complete the steps below using cell references to given data or previous calculations. In some cases, a simple cell reference is all you need. To copy/paste a formula across a row or down a column, an absolute cell reference or a mixed cell reference may be preferred. If a specific Exeel function is to be used, the directions will specify the use of that function. Do not type in numerical data into a cell or function. Instead, make a reference to the cell in which the data is found. Make your computations only in the green cells highlighted below. In all cases, unless otherwise directed, use the earliest appearance of the data in your formulas, usually the Given Data section. a. What is the yield to maturity on this bond? b. Should you purchase the bond if the yield to maturity on a comparable-risk bond is ercent? The bond be purchased. Requirements 1 Start Excel. 2 In cell D13, by using cell references, calculate the annual coupon payment on the bond. (1 pt.) In cell D14, by using cell references and the Excel RATE function, calculate the yield to maturity on the 3 bond. Assume that all interest payments are made at the end of the period. Note: Do not enter any value for the Guess argument of the Excel RATE function. (1 pt.) 4 In cell D18, in the drop-down menu, select whether the bond should be purchased if the yield to maturity on a comparable-risk bond is 9 percent. (1 pt.) 5 Save the workbook. Close the workbook and then exit Excel. Submit the workbook as directed. Project Description: In this problem, you will calculate a bond's yield to maturity

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