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Posted: May 1st, 2022
You have just won the Strayer Lottery jackpot of $11,000,000
Answer these questions in a 1–2 page paper.
You have just won the Strayer Lottery jackpot of $11,000,000. You will be paid in 26 equal annual installments beginning immediately. If you had the money now, you could invest it in an account with a quoted annual interest rate of 9% with monthly compounding of interest.
Calculate the present value of the payments you will receive. Show your calculations using formulas in your paper or in an attached spreadsheet file.
Explain why there is a difference between the present value of the Strayer lottery jackpot and the future value of the 26 annual payments based on your calculations and the information provided.
Compare the information about risk and return indicated by different bond ratings. Support your answer with references to research.
Use various bond websites to locate one of each of the following bond ratings: AAA, BBB, CCC, and D. Research the differences between the bond ratings, the required interest rates, and the risk. List the websites used as sources for this research.
Identify the strengths and weaknesses of each rating.
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In a 1–2 page paper, respond to these questions.
You’ve just won the $11,000,000.00 prize in the Strayer Lottery. Beginning immediately, you will be paid in 26 equal annual installments. If you had the money right now, you could put it in an account with a reported annual interest rate of 9%, compounded monthly.
Determine the present value of the money you’ll be receiving. In your paper or in an attached spreadsheet file, show your calculations using formulas.
Based on your calculations and the information supplied, explain why the present value of the Strayer lottery prize differs from the future worth of the 26 annual payouts.
Compare the information about risk and return indicated by different bond ratings. Support your
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