Reference no: EM132592614
Question - Bramble Inc. has issued three types of debt on January 1, 201/, the start of the company's fiscal year.
(a) $11 million, 9-year, 15% unsecured bonds, interest payable quarterly. Bonds were priced to yield 10%.
(b) $26 million par of 9-year, zero-coupon bonds at a price to yield 10% per year.
(c) $17 million, 9-year, 9% mortgage bonds, interest payable annually to yield 10%.
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.