Question
Your girlfriend just won the Florida lottery. She has the choice of $10,700,000 today or a 20-year annuity of $1,050,000, with the first payment coming
Your girlfriend just won the Florida lottery. She has the choice of $10,700,000 today or a 20-year annuity of $1,050,000, with the first payment coming one year from today. What rate of return is built into the annuity? Disregard taxes.
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The Dark Side Of Valuation
Authors: Aswath Damodaran
3rd Edition
0134854101, 9780134854106
