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Kingbird Inc. has issued three types of debt on January 1, 2020, the start of the companys fiscal year. (a) $12 million, 12-year, 14% unsecured

Kingbird Inc. has issued three types of debt on January 1, 2020, the start of the companys fiscal year.

(a) $12 million, 12-year, 14% unsecured bonds, interest payable quarterly. Bonds were priced to yield 11%.
(b) $27 million par of 12-year, zero-coupon bonds at a price to yield 11% per year.
(c) $20 million, 12-year, 9% mortgage bonds, interest payable annually to yield 11%.

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.

Unsecured Bonds

Zero-Coupon Bonds

Mortgage 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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