Bond Pricing using Present Value Tables using Excel's Multi-tab Cell Reference and Basic Math Functions Ruiz Company issued bonds on January 1 and has provided the relevant information. The Controller has asked you to calculate the bond selling price given two different market interest rates using the' Present Value Tables. Use the information included in the Exce 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, "= C3 was entered, the formula would output the result from cell C3, or $500,000 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. 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 Sheet1 tab "='Future Value of $111 was entered, the formula would output the result from cell C13 in the Future Value of $1 tal or 110462 in this example. - Basic Math functions: Allows you to use the basic math symbols to perform mathematical functions. You can use the following keys: + (plus sign to add), - (minus sign to subtract), " (asterisk sign to multiply), and / (forward slash to divide). From the Excel Simulation below, if in a blank cell "=C4+C6" was entered, the formula would add the values from those cells and output the result, or 31 in this example. If using the other math symbols the result would output an appropriate answer for its function. - IF function: Allows you to test a condition and return a specific value is the result is true and different value if the result is false. The syntax of the IF function is "=IF(test_condition,value_ if_true,value_ if false)" and specific considerations need to be made greater than, less function. The test condition argument is an evaluation of the status of a cell, such as if the value of a cell is specific result for each option, such as another cell or cell. The value_ if true and value if false arguments will return any used in the test_condition, value. if true, or value reference, a value, or text. Throughout the entire equation, if text is being Excel will recognize the text as a "string of text" instead of arguments then the text itself should be entered in quotations so that "=IF(C3>250000," Cash is great", "Cash is bad") was entered, ther function. From the Excel Simulation below, if in a blank cell test condition would be result as true, or in this case the text, the formula would output the result of the value, if true since the into separate parts. First the testcondition - Excel thinks, find cell is great". Excel processes the If function by separating it out Excel determines if the result of that test condition is TRUE find cell C3 and determine if the value is greater than 250000 . Once XX] 8%6$= ? - 5 . x REVIEW VIEW B I U. B. O. A. Alignment Number Conditionat Format as Cell Cells Editing Formatting * Table* Styles* (Note: the bonds pay interest annually.) 9 Required: 10 1) Calculate the bond selling price given the two market interest rates below. 11 Use formulas that reference data from this worksheet and from the appropriate future or 12 present value tables (found by clicking the tabs at the bottom of this worksheet). 13 Note: Rounding is not required. b) Market Interest Rate: 55% \begin{tabular}{|l|l|l|l|} \hline fenar &, & ty of $1 & Present Value of Annuity of $1 Sheet1 \\ \hline \end{tabular} 2. Use the Excel IF function to answer either "Premium" or "Discount" to the following items. The bond in (a) sold at a: The bond in (b) sold at a