B D E F A 78 PROBLEM 4 79 Assume that you just won 5700 million in the Califomia Powerball lottery, and hence the state will pay you 35 80 annual payments of $20 million each year beginning immediately. If the rate of retum on securities of 81 similar risk to the lottery earings (eg., the rate on 30-year U.S. Treasury bonds) is 1.93 percent, what 82 is the present value of your winnings? 83 84 85 86 87 88