The outlet needs to raise $3.2 million for an expansion project. the firm wants to raise this money by selling zero coupon bonds with a par value of $1,000 that mature in 20 years. the market yield on similar bonds is 7.8 percent. how many bonds must the outlet sell to raise the money it needs?

You have just been hired as a brand manager at kelsey-white, an american multinational consumer goods company. recently the firm invested in the development of k-w vision, a series of systems and processes that allow the use of up-to-date data and advanced analytics to drive informed decision making about k-w brands. it is 2018. the system is populated with 3 years of historical data. as brand manager for k-w’s blue laundry detergent, you are tasked to lead the brand's turnaround. use the vision platform to to develop your strategy and grow blue’s market share over the next 4 years.