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What is the amount of each semiannual interest payment? How many semiannual payments of $22,950 will be made in total? Using the PV function, calculate the issue price of the bond. Make sure the formula returns a positive value. See the instructions tab for help on the PV function. $22,9501 101 =PV(D 0/2,D9* D12,G15,0)

What is the amount of each semiannual interest payment? How many semiannual payments of $22,950 will be made in total? Using the PV function, calculate the issue price of the bond. Make sure the formula returns a positive value. See the instructions tab for help on the PV function. $22,9501 101 =PV(D 0/2,D9* D12,G15,0)

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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I’m having trouble with the PV function, could I have help please
The Lea Andino Company issues 9%, 5-year bonds with a par value of $510,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 10%. Enter a valid Excel formula or function in each of the yellow cells below. Formulas must refer to cells addresses. Entering a value will be marked as incorrect. Par Value Term (years) Annual market % Annual contract % Payments per year $510,000 10% 9%1 What is the amount of each semiannual interest payment? How many semiannual payments of $22,950 will be made in total? Using the PV function, calculate the issue price of the bond. Make sure the formula returns a positive value. See the instructions tab for help on the PV function. $22,950 10 E-PV(D10/2,D9* -215,0)
Transcribed Image Text:The Lea Andino Company issues 9%, 5-year bonds with a par value of $510,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 10%. Enter a valid Excel formula or function in each of the yellow cells below. Formulas must refer to cells addresses. Entering a value will be marked as incorrect. Par Value Term (years) Annual market % Annual contract % Payments per year $510,000 10% 9%1 What is the amount of each semiannual interest payment? How many semiannual payments of $22,950 will be made in total? Using the PV function, calculate the issue price of the bond. Make sure the formula returns a positive value. See the instructions tab for help on the PV function. $22,950 10 E-PV(D10/2,D9* -215,0)
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