The Biltmore National Bank raised capital through the sale of $140 million face value of eight percent coupon rate, ten-year bonds. The bonds paid interest semiannually and were sold at a time when equivalent risk-rated bonds carried a yield rate of ten percent.

the market price of the bonds:

PV of face value = $140 / (1 + 5%)²⁰ = $52.765 million

PV of coupon payments = ($140 x 4%) x 12.462 (PV annuity factor, 5%, 20 periods) = $69.787 million

total market value = $122.552 million

Journal entry to record bond issuance:

Dr Cash 122,552,000

Dr Discount on bonds payable 17,448,000

    Cr Bonds payable 140,000,000

it could 14.28 but if its not that one then it has to be the 17 one. hope this ! : )

step-by-step explanation:

step-by-step explanation:

y = | -2(-2) |     →     y = | 4 |     →     y = 4       ⇒   (-2, 4)

y = | -2(-1) |     →     y = | 2 |     →       y =   2       ⇒   (-1, 2)    

y = | -2(0) |     →     y = | 0 |     →       y = 0         ⇒   (0, 0)

y = | -2(1) |   c →     y = | -2 |     →     y =   2         ⇒   (1, 2)    

y = | -2(2) |     →     y = | - 4 |     →     y =   4         ⇒   (2, 4)