Bond Pricing Excel FILE HOME INSERT PAGE LAYOUT FORMULAS Sign In DATA REVIEW MEW Calibri 11 A A Paste Conditional Format as Formatting Table Styles Styles Alignment Number Cell I U Cells Editing Clipboard Font H11 H E G 1 On January 1, Ruiz Company issued bonds as follows: 2 Face Value: 3 Number of Years: 4 Stated Interest Rate: 5 interest payments per year 6 (Note: the bonds pay interest semi-annually.) 500,000 30 7 % 2 8 Required: 9 1) Given the different market interest rates below, calculate the following items. 10 Calculate the bond selling price USING THE EXCEL PV FUNCTION (fx). Note: Enter all 11 function arguments as cell references. 12 13 ja) Market Interest Rate: 9% 14 i Semiannual Interest Payment: 15 Bond Selling Price: 16 17 b) Market Interest Rate: 5.5% 18 Semiannual Interest Payment: 19 Bond Selling Price: 20 21 2. Use the Excel IF function to answer either "Premium" or "Discount" to the following items. 22 23 The bond in (a) sold at a: 24 The bond in (b) sold at a: Sheet1 Niovt