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Sweet Inc. has issued three types of debt on January 1, 2017, the start of the company's fiscal year. (a)$12million,9-year,13% unsecured bonds,...
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Sweet Inc. has issued three types of debt on January 1, 2017, the start of the company's fiscal year.

(a)$12 million, 9-year, 13% unsecured bonds, interest payable quarterly. Bonds were priced to yield 10%.(b)$28 million par of 9-year, zero-coupon bonds at a price to yield 10% per year.(c)$18 million, 9-year, 9% mortgage bonds, interest payable annually to yield 10%.


(6) present value of bonds at date of issue.

Step-by-step answer

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