Question
After winning the lottery, you can choose an after-tax lump sum of $347 million today or payments of $33,456,789 at the end of each of
After winning the lottery, you can choose an after-tax lump sum of $347 million today or payments of $33,456,789 at the end of each of the next 30 years. At what interest rate would you be indifferent in the 2 options?
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Introduction to Corporate Finance What Companies Do
Authors: John Graham, Scott Smart
3rd edition
9781111532611, 1111222282, 1111532613, 978-1111222284
