Assume that you just won 250 million in the powerball


Assume that you just won $250 million in the Powerball lottery, and hence the lottery will pay you 25 annual payments of $10 million each year beginning immediately.

If the rate of return on securities of similar risk to the lottery earnings (e.g., the rate on 25-year U.S. Treasury bonds) is 3.75 percent, what is the present value of your winnings? Show work

Request for Solution File

Ask an Expert for Answer!!
Financial Management: Assume that you just won 250 million in the powerball
Reference No:- TGS01725871

Expected delivery within 24 Hours