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Cullumber Inc. has issued three types of debt on January 1, 2020, the start of the company's fiscal year. (a) (b) (c) $11 million, 11-year,

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Cullumber Inc. has issued three types of debt on January 1, 2020, the start of the company's fiscal year. (a) (b) (c) $11 million, 11-year, 14% unsecured bonds, interest payable quarterly. Bonds were priced to yield 12%. $29 million par of 11-year, zero-coupon bonds at a price to yield 12% per year. $18 million, 11-year, 11% mortgage bonds, interest payable annually to yield 12%. 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 stated and effective rate per period to 2 decimal places, e.g. 10.25%. Round present value factor calculations to 5 decimal places, e.g. 1.25124 and the final answer to 0 decimal places e.g. 58,971.) Unsecured Bonds Zero-Coupon Bonds Mortgage Bonds $ 11000000 $ 29000000 $ 18000000 44 11 11 3.5 Maturity value Number of interest periods Stated rate per period Effective rate per period Payment amount per period Present value 3 % 12 % 12 $ 385000 GA $ 1980000 $ $ $

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