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12 The winner of a government-sponsored lottery is given the choice of receiving her government-guaranteed 10,000 prize now or in one year. Because the winner
12 The winner of a government-sponsored lottery is given the choice of receiving her government-guaranteed 10,000 prize now or in one year. Because the winner is certain of getting paid in either case, she should:
Select one:
a.
elect to receive the funds immediately.
b.
elect to delay the receipt of the funds for one year.
c.
be indifferent between the two alternatives.
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