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Headland Inc. has issued three types of debt on January 1, 2017, the start of the companys fiscal year. (a) $11 million, 10-year, 13% unsecured

Headland Inc. has issued three types of debt on January 1, 2017, the start of the companys fiscal year. (a) $11 million, 10-year, 13% unsecured bonds, interest payable quarterly. Bonds were priced to yield 10%. (b) $27 million par of 10-year, zero-coupon bonds at a price to yield 10% per year. (c) $17 million, 10-year, 8% 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.

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