Question: can you please help me with the cell references for D13 and D14? B D F G . H 2 Problem 9-16 3 The Saleemi
B D F G . H 2 Problem 9-16 3 The Saleemi 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 Excel 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. Iastead, 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. Given Data: Market price Coupon rate Number of years to maturity $915,00 7 5,00% 12 Par value $1,000.00 10 a. What is the yield to maturity on this bond? 11 12 Coupon payments Yield to maturity 13 14 15 b. Should you purchase the bond if the yicld to maturity on a comparable-risk bond is 9 percent 16 17 be purchased The bond 19 20 Requirements 1 Start Excel 2 In cell D13, by using cell references, calculate the anmual coupon payment on the bond (1 pt.) In cell D14, by using cell references and the Excel RATE fnction, calculate the yield to manurity oe the bond. Assumne that all interest payments are made at the end of the period 21 22 23 Note: Do not enter any value for the Guess argument of the Excel RATE nction (1pt.) m
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