(Information Related to Various Bond Issues) Karen Austin Inc. has issued three types of debt on January 1, 2007, 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.