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Kingbird Inc. has issued three types of debt on January 1, 2020, the start of the companys fiscal year: 1. $11 million, 10-year, 12% unsecured

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

1. $11 million, 10-year, 12% unsecured bonds, with interest payable quarterly, priced to yield 11%
2. $2.8 million par of 10-year, zero-coupon bonds at a price to yield 11% per year
3. $14 million, 10-year, 9% mortgage bonds, with interest payable annually to yield 11%

Prepare a schedule that identifies the following items for each bond:

Unsecured Bonds Zero- Coupon Bonds Mortgage Bonds
(a) Maturity value $ $ $
(b) Number of interest periods over the life of the bond
(c) Stated rate for each interest period % % %
(d) Effective interest rate for each interest period % % %
(e) Payment amount per period $ $
(f) Present value of the bonds at the date of issue $ $ $

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