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#7 Suppose that the Atlanta Falcons decide to fund part of their new stadium with 24.00-year zero coupon bonds. The team wants to raise $243.00
#7 Suppose that the Atlanta Falcons decide to fund part of their new stadium with 24.00-year zero coupon bonds. The team wants to raise $243.00 million with this bond issue. If investors seek a return of 4.69% 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)
Answer format: Currency: Round to: 2 decimal places.
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