Question
You have just won the Georgia Lottery with a jackpot of $10,000,000. Your winnings will be paid to you in 26 equal annual installments with
You have just won the Georgia Lottery with a jackpot of $10,000,000. Your winnings will be paid to you in 26 equal annual installments with the first payment made immediately. If you feel the appropriate annual discount rate is 10%, what is the present value of the stream of payments you will receive?
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Introduces Quantitative Finance
Authors: Paul Wilmott
2nd edition
470319585, 470319581, 978-0470319581
