Assume that you just want 35 million dollars in Florida lottery hence the state will pay 20 annual payments of 1.75 million each beginning immediately. if the rate of return on securities a similar risk to the lottery earnings e.g. The rate of 20 year us Treasury bonds 6% what is the Present value of your winnings
Assume that you just want 35 million dollars in Florida lottery hence the state will pay 20 annual payments of 1.75 million each beginning immediately. if the rate of return on securities a similar risk to the lottery earnings e.g. The rate of 20 year us Treasury bonds 6% what is the Present value of your winnings
Chapter8: Analysis Of Risk And Return
Section: Chapter Questions
Problem 9P
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Assume that you just want 35 million dollars in Florida lottery hence the state will pay 20 annual payments of 1.75 million each beginning immediately. if the
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