Question: ccountant Data Assignment #3 FILE HOME INSERT Paste Clipboard Calibri BIU- Font C16 A v Saved Bond Pricing Excel PAGE LAYOUT FORMULAS 11 -A

ccountant Data Assignment #3 FILE HOME INSERT Paste Clipboard Calibri BIU- FontC16 A v Saved Bond Pricing Excel PAGE LAYOUT FORMULAS 11 -A

ccountant Data Assignment #3 FILE HOME INSERT Paste Clipboard Calibri BIU- Font C16 A v Saved Bond Pricing Excel PAGE LAYOUT FORMULAS 11 -A fx B DATA REVIEW VIEW Alignment Number Conditional Format as Cell Formatting Table Styles D Styles Cells Editing 234S 6 7 8 On January 1, Ruiz Company issued bonds as follows: 9 Required: Face Value: Number of Years: Stated Interest Rate: Interest payments per year S (Note: the bonds pay interest annually.) 500,000 30 7% 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. Market Interest Rate: 14 a) 15 16 17 18 19 Annual Interest Payment: PV of Face Value: +PV of Interest Payments: 9% Bond Selling Price: 20 21 b) Market Interest Rate: 5.5% 22 23 Annual Interest Payment: 24 IPV of Face Value ...nnuity of $1 Present Value of Annuity of SI Sheet READY Attempt(s) 3/5

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