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You have just paid $20 million in the secondary market for the winning Powerball lottery ticket The prize is $2 million at the end of each year for the next 25 years If your required rate of return

You have just paid $20 million in the secondary market for the winning Powerball lottery ticket. The prize is $2 million at the end of each year for the next 25 years. If your required rate of return is 8 percent, what is the net present value (NPV) of the deal?

What is the modified internal rate of return (MIRR) of the Powerball deal in the above question?

 

Apr 23 2020 View more View Less

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