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Suppose that the Atlanta Falcons decide to fund part of their new stadium with 25.00-year zero coupon bonds. The team wants to raise $288.00 million with this bond issue. If investors seek a return of 4.73% on this investment, wha face value will Mr. Blank have to put on the bonds? (express answer in terms of millions, so 1,000,000 would be 1.0) Submit Answer format: Currency: Round to: 2 decimal places.

Suppose that the Atlanta Falcons decide to fund part of their new stadium with 25.00-year zero coupon bonds. The team wants to raise $288.00 million with this bond issue. If investors seek a return of 4.73% on this investment, wha face value will Mr. Blank have to put on the bonds? (express answer in terms of millions, so 1,000,000 would be 1.0) Submit Answer format: Currency: Round to: 2 decimal places.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Suppose that the Atlanta Falcons decide to fund part of their new stadium with 25.00-year zero coupon bonds. The team wants to raise $288.00 million with this bond issue. If investors seek a return of 4.73% on this investment, what face value will Mr. Blank have to put on the bonds? (express answer in terms of millions, so 1,000,000 would be 1.0) Submit Answer format: Currency: Round to: 2 decimal places.
Transcribed Image Text:Suppose that the Atlanta Falcons decide to fund part of their new stadium with 25.00-year zero coupon bonds. The team wants to raise $288.00 million with this bond issue. If investors seek a return of 4.73% on this investment, what face value will Mr. Blank have to put on the bonds? (express answer in terms of millions, so 1,000,000 would be 1.0) Submit Answer format: Currency: Round to: 2 decimal places.
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