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Accounting or bonds sold at a Discount The Bltmore National Barik raiced capital through the saie of 5110 milion face value of eight percent coupon

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Accounting or bonds sold at a Discount The Bltmore National Barik raiced capital through the saie of 5110 milion face value of eight percent coupon rate tenyear bonds. The bonds paid interest semiannually and wene sold at a time When equivalent risk tated bonds carried a yeld rate of ten pertent. Round all answers to the nearest whole number . Cakculate the proceeds that The Bitmore National Bank received from the sule of the eight percent bonds. b. Calculate the interest experise on the bonds for the fint year that the borid are cutatinding Calculate the book valies of the bonds at the end of the first year

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