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

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter17: The Management Of Cash And Marketable Securities

Section: Chapter Questions

Problem 1P

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