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Kimberly Young Inc. has issued three types of debt on January 1, 2025, the start of the company's fiscal year. Click here to view factor
Kimberly Young Inc. has issued three types of debt on January 1, 2025, the start of the company's fiscal year. Click here to view factor tables. (a) $12 million, 12-year, 13\% unsecured bonds, interest payable quarterly. Bonds were priced to yield 10.00%. (b) $28 million par of 12 -year, zero-coupon bonds at a price to yield 10.00% per year. (c) $18 million, 12-year, 9.00% mortgage bonds, interest payable annually to yield 10.00%. 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 present value factor calculations to 5 decimal places, e.g. 1.25124. Round stated and effective rate per period to 2 decimal places, e.g. 10.25% and other answers to 0 decimal places, e.g. 58,971 .)
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