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You just won a $7.5 million lottery to be received in ten annual payments of $750,000. What will happen to the present value of your

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You just won a $7.5 million lottery to be received in ten annual payments of $750,000. What will happen to the present value of your winnings if the level of interest rates increases over the next 10 years? It will be worth less since CFs are known and discount rate rises so PV falls The value does not thange; all the payments are equal It will be worth more Cannot be determined with this information

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