Question: Bond Pricing - Excel ? FILE HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW Sign In Ruler Formula Bar Normal Page Break Page Custom

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Bond Pricing - Excel ? FILE HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW Sign In Ruler Formula Bar Normal Page Break Page Custom Gridlines Headings Zoom Preview Layout Views 100% Zoom to Selection Window Macros Workbook Views Show Zoom Macros G21 fx A B C D E F G H 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. 4 Information relating to this bond is found below: 8 234567 9 19 20 * 1622156782222 Face Value: Number of Years: Stated Interest Rate: Number of Payments per Year: $ 825,000 10 7% 2 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) 16 a. 18 b. Assume the Market Interest Rate is: 8% How many total payments or periods will this bond pay interest? 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. 20

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