You just won a lottery, that will pay you $100,000 per year, for 50 years. If the discount rate is 7%, what is this worth to you today? a. $1,576,186.06 O b. $5,000,000 O c. $1,321,216.34 d. $1,380,074.63 Ajax Corp. has a bond with a coupon rate of 12%, maturing in 15 years at $1,000 per bond. The current market price is $960. What is the current yield? a. 12.0% b. 12.8% C. 11.5% O d. 12.6% Next page