The Portland Stallions professional football team is looking at its future revenue stream from ticket sales. Currently, a season package costs $475 per seat. The season ticket holders have been promised this same rate for the next four years. Five years from now the organization will raise season ticket prices based on the estimated inflation rate of 4%. What will the season tickets sell for in five years?

The Portland Stallions professional football team is looking at its future revenue stream from ticket sales. Currently, a season package costs $475 per seat. The season ticket holders have been promised this same rate for the next four years. Five years from now the organization will raise season ticket prices based on the estimated inflation rate of 4%. What will the season tickets sell for in five years?

Entrepreneurial Finance

6th Edition

ISBN:9781337635653

Author:Leach

Publisher:Leach

Chapter13: Other Financing Alternatives

Section: Chapter Questions

Problem 1bM

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