9. Purchasing shares at Dubai Financial Market is an example of: A. a primary market transaction B. companies raising finance from another financial intermediary C. a secondary market transaction D. companies raising new finance 10. An investor has just won the lottery and will receive $45,000 per year at the end of each of the next 20 years. At a 4% interest rate, the present value of the winnings is closest to: A. $425,678. B. $611,564. C. $2,863,750. Please provide an accurate answer.
9. Purchasing shares at Dubai Financial Market is an example of: A. a primary market transaction B. companies raising finance from another financial intermediary C. a secondary market transaction D. companies raising new finance 10. An investor has just won the lottery and will receive $45,000 per year at the end of each of the next 20 years. At a 4% interest rate, the present value of the winnings is closest to: A. $425,678. B. $611,564. C. $2,863,750. Please provide an accurate answer.
Chapter3: The Financial Environment: Markets, Institutions And Investment Banking
Section: Chapter Questions
Problem 12PROB
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9. Purchasing shares at Dubai Financial Market is an example of:
A. a primary market transaction
B. companies raising finance from another financial intermediary
C. a secondary market transaction
D. companies raising new finance
10. An investor has just won the lottery and will receive $45,000 per year at the end of each of the
next 20 years. At a 4% interest rate, the present value of the winnings is closest to:
A. $425,678.
B. $611,564.
C. $2,863,750.
Please provide an accurate answer.
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