You just won the lottery, which promises you $540,000 per year for the next 20 years, starting in one year. If your discount rate is 8.25%, what is the present value of your winnings? O $5,204,600 O $5,426,920 O $5,470.679 O $5,356,196 O $5.475.199 What is the value of a bond with a par value of $1,000, a coupon rate of 8.50% (semiannual payments), and a yield to maturity of 5.80%? The bond has 14 years to maturity. O $1,256 O $1,379 O $1,377 $1,274 O $1,289 What is the value of a perpetual bond with a par value of $1,000 and a coupon rate of 7.25% (semiannual coupon)? The bond has a yield to maturity of 6.90%. O $1,063 O $1,097 O $1,122 $1,050 O $1,077