=+A. Suppose you just won the lottery and your lottery ticket is transferable to someone else you
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=+A. Suppose you just won the lottery and your lottery ticket is transferable to someone else you designate; that is, you can sell your ticket. In each of the following cases, the lottery claims that you won
$100,000. Since you can sell your ticket, it is a financial asset, but depending on how exactly the holder of the ticket receives the $100,000, the asset is worth different amounts. Think about what you would be willing to actually sell this asset for by considering how much current consumption value the asset contains assuming the annual interest rate is 10%.
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Related Book For
Microeconomics An Intuitive Approach With Calculus
ISBN: 9781337335652,9781337027632
2nd Edition
Authors: Thomas Nechyba
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