Question: PLEASE ANSWER IN EXCEL FORMAT ACCORDING TO THE SHEET I PROVIDED. The Sanders Company issued 9 . 5 % bonds, dated January 1 , with

PLEASE ANSWER IN EXCEL FORMAT ACCORDING TO THE SHEET I PROVIDED. The Sanders Company issued 9.5% bonds, dated January 1, with a face amount of $8,000,000 on January 1,2024. The bonds mature on December 31,2033(10 years). For bonds of similar risk and maturity, the market yield is 11.0%. Interest is paid semiannually on June 30 and December 31. Sanders uses the effective interest method.
Determine the price of the bonds at January 1,2024 using Excel's PV function.
PLEASE ANSWER IN EXCEL FORMAT ACCORDING TO THE SHEET I PROVIDED.

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