Question
You have just paid $20 million in the secondary market for the winning Powerball lottery ticket. The prize is $2 million at the end of
You have just paid $20 million in the secondary market for the winning Powerball lottery ticket. The prize is $2 million at the end of each year for the next 25 years. If your required rate of return in 8 percent, what is the internal rate of return (IRR) of the Powerball deal?
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Investing For Women Smart Strategies To Start Investing Now With Confidence Low Risk And Minimal Effort
Authors: Mike Hartley ,Hannah Rosenstein
1st Edition
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