Question: having trouble with excel functions, please help with functions Instructions: Complete all cells shaded green. All answers must be determined using EXCEL formule Question 2
Instructions: Complete all cells shaded green. All answers must be determined using EXCEL formule Question 2 On January 1, 2021 a Company issued the following Bonds: Face amount $500,000 Number of years 15 Stated interest rate 8% The bonds bay interest semi-annually Part 1 Using the PV function and assuming the annual market interest rate is 6Xdetermine the price of the bonds issued on January 1, 2021. Number of interest periods Semi-annual interest payment Face amount (Future Value) Market interest rate per semi-annual period Price of bonds (Present Value) 2 points 2 points 2 points 2 points 2 points (Use PV Ex function) Price of bond as an absolute amount 2 points Part 2 Use the IF function to answer either "Premium" or "Discount" to the following question: The bond in Part 1 is sold at a: Compare the price of the bond as an absolute amount to the face amount 2 points Note: points will only be assigned where the answer is determine using EXCEL formulee or cell references
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