Annual Interest Payment: PV of Face Value: +PV of Interest Payments: =Bond Selling Price: $ 35,000.00 =C3/(1/C14/C6)^(C4*1) =pv(C14/1,C4*1,C16) 397,263.46 $ Market Interest Rate: 5.5% Annual Interest Payment: PV of Face Value: +PV of Interest Payments: $ 35,000.00 =C3 =Bond Selling Price: $ 609,003.09 . Use the Excel IF function to answer either "Premium" or "Discount" to the following items. The bond in (a) sold at a: Discount The bond in (b) sold at a: =IF(C3
Annual Interest Payment: PV of Face Value: +PV of Interest Payments: =Bond Selling Price: $ 35,000.00 =C3/(1/C14/C6)^(C4*1) =pv(C14/1,C4*1,C16) 397,263.46 $ Market Interest Rate: 5.5% Annual Interest Payment: PV of Face Value: +PV of Interest Payments: $ 35,000.00 =C3 =Bond Selling Price: $ 609,003.09 . Use the Excel IF function to answer either "Premium" or "Discount" to the following items. The bond in (a) sold at a: Discount The bond in (b) sold at a: =IF(C3
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter9: Long-term Liabilities
Section: Chapter Questions
Problem 96PSA
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Correct my formulas and find missing yellow rows. Also, show the Excel Formulas that you use to find the answer, please.
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