Question
You have won the lottery! You are offered a choice of $1,000,000 upfront or an annuity of $100,000 per year for 20 years. Your personal
You have won the lottery! You are offered a choice of $1,000,000 upfront or an annuity of $100,000 per year for 20 years. Your personal discount rate is 0.04. If you are an economically rational actor, what will you do?
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Fundamentals of Corporate Finance
Authors: Richard Brealey, Stewart Myers, Alan Marcus, Devashis Mitra, Elizabeth Maynes, William Lim
6th Canadian edition
1259024962, 978-1259024962
