Ruby Tuesday, Inc. and Subsidiaries Notes to Consolidated Financial Statements 6. Long-Term Debt and Capital Leases Long-term debt and capital lease obligations consist of the following in thousands): 2017 2016 Senior unsecured bond payable Unamortized discount Unamortized debt issuance costs S 212,546 S 212,546 (1,366 ) (1.771) (2,311 ) (2.995) Senior unsecured bond less unamortized discount and debt issuance costs 208,869 207.780 1. The bond payable shown is unsecured. Explain what an unsecured bond issue is. 2. What is the normal balance (debit/credit) for the account shown? Account Normal Balance Senior unsecured Bonds Payable Unamortized discount on bonds payable 3. Based upon what we know about bonds issued at a discounts or premium, was the coupon rate of interest on the bonds higher or lower than the market rate of interest when the bonds were issued? Explain. 4. How much principal will Ruby Tuesday need to pay at maturity on these bonds? 5. Did the amount of net bonds payable increase or decrease from 2016 to 2017? The amount of net bonds payable stayed the same at $ 212,546