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Exercise 14-11 Sheridan Inc. has issued three types of debt on January 1, 2017, the start of the company's fiscal year (a) $10 million, 10-year,

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Exercise 14-11 Sheridan Inc. has issued three types of debt on January 1, 2017, the start of the company's fiscal year (a) $10 million, 10-year, 14 % unsecured bonds, interest payable quarterly. Bonds were priced to yield 10 %. (b) $29 million par of 10-year, zero-coupon bonds at a price to yield 10 % per year (c) $16 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 Mortgage Bonds Zero Coupon 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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