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nsend ahd explain. If the h? Use A lo ttery claims its grand prize is $10 million, payable over 20 years at $500,000 per year.

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nsend ahd explain. If the h? Use A lo ttery claims its grand prize is $10 million, payable over 20 years at $500,000 per year. first payment is made immediately (hint: annuity due), what is this grand prize really wort a discount rate of 6%. Consider a bond with a 7% annual coupon and a face value of $1,000. Complete the table below. What relationship do you observe between yield to maturity and the current market value? Years to Maturity Discount Rate (i) Current Price (PV) 6 7

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