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Q10) Oakland Athletics (MLB) plans to build a new ball park for the 2023 season. Assume that it will cost $2.7 billion to build the
Q10) Oakland Athletics (MLB) plans to build a new ball park for the 2023 season. Assume that it will cost $2.7 billion to build the ball park and part of the funding for the park will come from bonds issued by the City of Oakland and Alameda County. If the City and County issue $854 million worth of bonds and the interest rate on the bond is 4.56% and the bonds are payable in 23 years, a. How much the Oakland Athletics Ball Park pay to bondholders in interest every year? b. What is the total amount the Oakland Athletics Ball Park must pay out to bondholders at the end of 23 years
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