Bonds zero-couple bonds mortgage bonds


Tokay Inc. has issued three types of debt on Jan. 1, 2012, the start of the company's year. (a) $11.68 million, 10-year, 13.00% unsecured bonds, interest payable quarterly. Bonds were price to yield 12%. (b) $26.85 million par of 10 year, zero-coupon bonds at a price to yield 12% per year. (c) $16.23 million, 10 year, 11.00 % mortgage bonds, interest payable annually to yield 12%. Prepare a schedule that identifies the following: Unsecured Bonds Zero- couple Bonds Mortgage Bonds

1. Maturity value $ $ $

2. Number of Interest Periods ------- -------- --------

3. Stated rate per period -------% -------- --------%

4. Effective rate per period -------% -------% --------%

5. Payment amount per period

6. Present Value of bond at the date issued.

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Accounting Basics: Bonds zero-couple bonds mortgage bonds
Reference No:- TGS041484

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