9/10 ANNUAL CUPON Suppose that the Atlanta Falcons decide to fund part of...
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Accounting
9/10
ANNUAL CUPON
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 $281.00 million with this bond issue. If investors seek a return of 4.96% 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. An investor wants to purchase a five-year Treasury bond that pays zero coupons. The face value of the bond is $1,000.00. If the market rate of interest for this investment is 2.31%, what is the market value of the bond today? Submit Answer format: Currency: Round to: 2 decimal places
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