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I am asking this question again because it was answered incorrectly the first time. Information taken from a Sears, Roebuck and Company annual report follows
I am asking this question again because it was answered incorrectly the first time.
Information taken from a Sears, Roebuck and Company annual report follows December 31 Long-Term Debt (s in millions) 7% debentures, $300 million face value, due Year 11, effective Year 2 Year 1 rate $14.6% Zero coupon bonds, $500 million face value, due Year 8, $ 188.6$ 182.7 effective rate 12.0% Participating mortgages, $850 million face value, due Year 5, 267.9 239.2 effective rate 8.7%, collateralized by Sears Tower and related properties var ous other long-term debt Various other long-term debt Total long-term debt 834.5 12,444.2 $13,735.2 833.9 16, 329.2 $17,585.0Step by Step Solution
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