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Business, 21.12.2019 04:31 alexkrol10

Karen austin inc. has issued three types of debt on january 1, 2017, the start of the company's fiscal year.
(a) $10 million, 10-year, 15% unsecured bonds, interest payable quarterly bonds were priced to yield 12%.
(b) $25 million par of 10-year, zero-coupon bonds at a price to yield 12% per year.
(c) $20 million, 10-year, 10% mortgage bonds, interest payable annually to yield 12%.
instructions
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.

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