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Excel erto.mb Problem 11-22 You manage a pension fund that will provide retired workers with lifetime annuities. You determine that the payouts of the fund

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Excel erto.mb Problem 11-22 You manage a pension fund that will provide retired workers with lifetime annuities. You determine that the payouts of the fund are essentaly going to resemble level perpetuities of S2.1 milion per year. The interest rate is 10% You plan to My fund the obligation using Syur and 20yr maturity zoro-coupon bonds maicet valune of esch of the zaro sil be ncen 'doaire an imnunizad paiton? Do net round intermediate calculations. Enter your answers in millions. Round your answers to 1 decimal place.) Market Value Five-year s 2.73 milion 18.27 milion b. What must be the face value of the two zeros to fund the plan? (Do not round intermediate calculations. Enter your answers in miltions rounded to 2 decimal places.) Face Value Five-year 440 milion 5 122.91 milion References eBook & Resources Problem 31-22 Worksheet work

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