cise 14-11 Sarasota Inc. has issued three types of debt on January 1, 2017, the

Question

cise 14-11 Sarasota Inc. has issued three types of debt on January 1, 2017, the start of the company's fiocal year $11 million, 9-year, 14% unsecured bonds, interest payable quarterly. Bonds were priced to yield 12%. (b) $25 milion par of 9-yeaf, zero-coupon (c) $16 m illion par of 9-year, zero-coupon bo illion, 9-year, 10% mortgage bonds, interest nds at a price to yield 12% per yeat. payable annually to yield 12%. ule that identifies the following items for each bond: (1) maturity value, (2) umber of interet over life of bond, (3) stated rate per each interest period, (4) effective-interest rate per each payment amount per period, and (6) present value of bonds at date of issue. (Round stated and effective rate period to 2 decimal places, eg. 10.25%. Round present value factor calculations to Sdeanal places per dy 1.25124 and the final answer to 0 decimal places e.g. 58,971) Mortgage Unsecured Bonds ero-Coupon Bonds (1) Maturity value (2) Number of interest periods (3) Stated rate per period (4) Effective rate per period (5) Payment amount per period s (6) Present value Click if you would like to Show Work for this question: Qeen Shos Work

Explanation / Answer

Kindly Mark Rating, It help me lot.

Unsecured Bonds Zero-Coupon Bonds Mortgage Bonds 1 Maturity value $1,10,00,000 $2,50,00,000 $1,60,00,000 3 Stated rate per period 3.50% 0 10% 4 Effective rate per period 3.00% 0 12% 5 Payment amount per period $3,85,000 $0 $16,00,000 6 Present Value $1,22,00,774 $90,15,251 $1,42,94,960

Related Questions

Navigate

• Browse (All)
• Browse C
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.