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pls leave explanation if possible :) thanks Splish Inc. has issued three types of debt on January 1, 2020, the start of the company's fiscal
pls leave explanation if possible :) thanks
Splish Inc. has issued three types of debt on January 1, 2020, the start of the company's fiscal year. (a) (b) $10 million, 10-year, 13% unsecured bonds, interest payable quarterly. Bonds were priced to yield 11% $27 million par of 10-year, zero-coupon bonds at a price to yield 11% per year. $15 million, 10-year, 10% mortgage bonds, interest payable annually to yield 11%. (c) 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 stated and effective rate per period to 2 decimal places, eg. 10.25% Round present value factor calculations to 5 decimal places, eg. 1.25124 and the final answer to decimal places eg. 58,971.) Unsecured Bonds Zero-Coupon Bonds Mortgage Bonds (1) Maturity value $ 10000000 $ 27000000 15000000 (2) Number of Interest periods 40 10 10 (3) Stated rate per period 3125 96 O % 10 96 Effective rate per 2.75 % 11 11 %6 Unsecured Bonds Zero-Coupon Bonds Mortgage Bonds (1) Maturity value 10000000 $ 27000000 15000000 (2) Number of Interest periods 40 10 10 (3) Stated rate per period 3125 % 0 10 (4) 2175 Effective rate per period 11 % % 11 (5) 1500000 Payment amount per period 325000 (6) Present value $ e Textbook and Media Attempts: 3 of 5 used Submit Answer Save for Later Step by Step Solution
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