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Exercise 14-11 Your answer is partially correct. Try again. Skysong Inc. has issued three types of debt on January 1, 2020, the start of the
Exercise 14-11
Your answer is partially correct. Try again. | |
Skysong Inc. has issued three types of debt on January 1, 2020, the start of the companys fiscal year.
(a) | $10 million, 11-year, 14% unsecured bonds, interest payable quarterly. Bonds were priced to yield 12%. | |
(b) | $28 million par of 11-year, zero-coupon bonds at a price to yield 12% per year. | |
(c) | $17 million, 11-year, 10% 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.
can someone show me how to solve this using the tvm solver on a calculator
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