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Culver Inc. has issued three types of debt on January 1, 2020, the start of the companys fiscal year. (a) $12 million, 10-year, 15% unsecured

Culver Inc. has issued three types of debt on January 1, 2020, the start of the companys fiscal year.

(a) $12 million, 10-year, 15% unsecured bonds, interest payable quarterly. Bonds were priced to yield 10%.
(b) $30 million par of 10-year, zero-coupon bonds at a price to yield 10% per year.
(c) $20 million, 10-year, 9% mortgage bonds, interest payable annually to yield 10%.

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

(1) Maturity value $

$

$

(2) Number of interest periods

(3) Stated rate per period

%

%

%
(4) Effective rate per period

%

%

%
(5) Payment amount per period $

$

$

(6) Present value $

$

$

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