Question
You are planning to buy a lottery ticket for the $226,000,000 jackpot. If you have (Option A). the cash option of receiving $154,300,000 today or
You are planning to buy a lottery ticket for the $226,000,000 jackpot. If you have (Option A). the cash option of receiving $154,300,000 today or you can opt to choose (Option B). the 30 payments of $7,533,333.
Which option would you choose and why?
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International Accounting
Authors: Timothy Doupnik, Mark Finn, Giorgio Gotti, Hector Perera
5th edition
1259747980, 9781259747984, 1260466531, 978-1260466539
