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Zoom (ZM) needs to raise $132 million to roll its maturing debt forward. As their CFO, you have decided to sell 5-year maturity bonds with

Zoom (ZM) needs to raise $132 million to roll its maturing debt forward. As their CFO, you have decided to sell 5-year maturity bonds with an 8% (semiannual APR) coupon rate. Your investment banker tells you that corporate bonds of similar maturity and risk are being priced by the market at a 6.4% (semiannual APR) yield.

What is the total face value of bonds that you will have to sell to raise the $132 million? Answer in millions, i.e., $100 million = enter 100.

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