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Your friend just won the lottery. He has a choice of receiving $ 1 8 4 8 2 8 a year for the next 2
Your friend just won the lottery. He has a choice of receiving $ a year for the next years or a lump sum today. The lottery uses a discount rate. What would be the lump sum your friend would receive?
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Cases In Financial Management
Authors: I.M. Pandey
3rd Edition
0071333428, 978-0071333429
