Answer Happy

Ivanhoe Inc. has issued three types of debt on January 1, 2020, the start of the company's fiscal year. $10 million, 11-year, 15% unsecured bonds, interest payable quarterly. Bonds were priced to yield 11%. $27 million par of 111year, zero-coupon bonds at a price to yield 11% per year. $15 million, 11-year, 9% mortgage bonds, interest payable annually to yield 11%. (a) (b) (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, e.g. 10.25% Round present volue factor calculations to 5 decimal places, eg, 1.25124 and the final answer to O decimal places eg. 58,971) Unsecured Bonds Zero-Coupon Bonds Mortgage Bonds

(2) (2) (3) (4) (5) Maturity value Number of interest periods Stated rate per period Effective rate per period Payment amount per period $ $ Unsecured Bonds % % $ M Zero-Coupon Bonds % % $ Mortgage Bonds % %