please show excel calculations! You should turn in your answers in ONE Excel document....
60.1K
Verified Solution
Link Copied!
Question
Accounting
please show excel calculations!
You should turn in your answers in ONE Excel document. Use financial formulas in Excel to show work for Requirement #1 and #5 of each part. An assignment submitted that doesn't demonstrate your formulas within Excel will receive an unsatisfactory grade. PART B Bill Corporation issued five-year, 6% bonds with a total face value of $1,000,000 on January 1, 2019. Interest is paid semi-annually on June 30 and December 31. The market rate of interest on this date was 8.0%. Bill uses the effective interest rate method. Required: 1. Determine the proceeds of the bond sale on 1/1/19. Explain your method of calculation. 2. Using the present value of a dollar table (found in Appendix E of your text), what factor would you use to calculate the present value of the face value of the bond? 3. Using the present value of an ordinary annuity table (found in Appendix E of your text), what factor would you use to calculate the present value of the coupon payments? For your own benefit, you may want to demonstrate that the price of the bonds is the same using the factors from the table that you got in Excel. 4. Did this bond sell at a premium or discount
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
