Sandra Robinson Inc. has issued three types of debt on January 1, 2025, the start of the company's fiscal year. Click here to view factor tables. (a) $11 million, 10-year, 15% unsecured bonds, interest payable quarterly. Bonds were priced to yield 12.00%. (b) $28 million par of 10-year, zero-coupon bonds at a price to yield 12.00% per year. (c) $17 million, 10-year, 11.00% mortgage bonds, interest payable annually to yield 12.00%. Prepare a schedule that identifies the following items for each bond: (1) maturity value, (2) number of interest periods over life of bond, (3) stated rate per each interest period, (4) effective-interest rate per each interest period, (5) payment amount per period, and (6) present value of bonds at date of issue. (Round present value factor calculations to 5 decimal places, e.g. 1.25124. Round stated and effective rate per period to 2 decimal places, e.g. 10.25% and other answers to O decimal places, e.g. 58,971.) Unsecured Bonds Zero-Coupon Bonds Mortgage Bonds (1) Maturity value Number of (2) interest periods Stated (3) rate per % % % period Effective (4) rate per % % % period Payment amount (5) per (6) period Present value $ +A $ LA $ $ LA $ $
Sandra Robinson Inc. has issued three types of debt on January 1, 2025, the start of the company's fiscal year. Click here to view factor tables. (a) $11 million, 10-year, 15% unsecured bonds, interest payable quarterly. Bonds were priced to yield 12.00%. (b) $28 million par of 10-year, zero-coupon bonds at a price to yield 12.00% per year. (c) $17 million, 10-year, 11.00% mortgage bonds, interest payable annually to yield 12.00%. Prepare a schedule that identifies the following items for each bond: (1) maturity value, (2) number of interest periods over life of bond, (3) stated rate per each interest period, (4) effective-interest rate per each interest period, (5) payment amount per period, and (6) present value of bonds at date of issue. (Round present value factor calculations to 5 decimal places, e.g. 1.25124. Round stated and effective rate per period to 2 decimal places, e.g. 10.25% and other answers to O decimal places, e.g. 58,971.) Unsecured Bonds Zero-Coupon Bonds Mortgage Bonds (1) Maturity value Number of (2) interest periods Stated (3) rate per % % % period Effective (4) rate per % % % period Payment amount (5) per (6) period Present value $ +A $ LA $ $ LA $ $
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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answer must be in table format or i will give down vote
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