Assume you have just won the lottery and have some cash to invest in a publicly...
Assume you have just won the lottery and have some cash to invest in a publicly traded company. If you could have access to only one of the four required financial statements (income statement, balance sheet, statement of cash flows, or statement of retained earnings), which would be the most useful to you? Explain your answer.
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Assume you have just won the lottery and have some cash to
invest in a publicly...
You have just won $160,000 from a lottery. If you invest all this amount in a...
You have just won $160,000 from a lottery. If you invest all this amount in a tax-free money market fund earning 8% compounded weekly, how long do you have to wait to become a millionaire? (Round your answer to two decimal places.)
you have just won $110,000 from a lottery. if you invest all this amount in a...
you have just won $110,000 from a lottery. if you invest all this amount in a tax-free money market fund earning 7% compounded weekly, how many years do you have to wait to become a millionaire? (Round your answer to two decimal places)
2 You Won the Lottery! You have just won the lottery and will receive 30 yearly...
2 You Won the Lottery! You have just won the lottery and will receive 30 yearly payments, as follows: you get $1,500,000 in the first year, after which yearly payments will increase by 2.7% per year. A company specializing in purchasing annuities (yes, they do exist!) offers you instant $14,000,000 in cash to purchase the right to receive your winnings. The relevant interest rate is 3% per year. Will you take the offer?
A. You have just won the Strayer Lottery jackpot of $11,000,000. You will be paid in...
A. 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. What is the present value of the payments you will receive? B. In your own words and using various bond websites, please locate one of each of the following bond ratings: AAA,...
You have just won the lottery. You will receive $2,580,000 today, and then receive 40 payments...
You have just won the lottery. You will receive $2,580,000 today, and then receive 40 payments of $1,290,000 These payments will start one year from now and will be paid every six months. A representative from Greenleaf Investments has offered to purchase all the payments from you for $20 million. The interest rate is an APR of 10 percent compounded daily. Assume there are 12 months in a year, each with 30 days. What is the present value of the...
You have just won the lottery. You will receive $2,600,000 today, and then receive 40 payments...
You have just won the lottery. You will receive $2,600,000 today, and then receive 40 payments of $1,300,000 These payments will start one year from now and will be paid every six months. A representative from Greenleaf Investments has offered to purchase all the payments from you for $25 million. The interest rate is an APR of 8 percent compounded daily. Assume there are 12 months in a year, each with 30 days. What is the present vale of cash...
Congratulations! You have just won the Lottery. The Lottery Commission informs you that you can choose...
Congratulations! You have just won the Lottery. The Lottery Commission informs you that you can choose between three different pay out options: (1) $500,000 cash payment today, (2) $50,000 cash payments at the end of each year for twenty years, or (3) $1,000,000 in cash in one payment after 20 years. Current CD’s are paying 3.50% annual interest. Which do you choose and why?
In own definition, define and explain the importance of each of the following financial statements to...
In own definition, define and explain the importance of each of the following financial statements to a publicly traded corporation and to an investor: Income Statement Balance Sheet Cash Flow Statement Statement of Retained Earnings
You have just won the initial School of Finance lottery! You have won $10,000 today, $20,000...
You have just won the initial School of Finance lottery! You have won $10,000 today, $20,000 four years from today, and $30,000 six years from today. As an alternative, you can receive your winnings as a 10-year annuity with the first payment received ten years from today. If you require a 6% return on your investment, how much must the annuity pay you each year for you to select that option?
Congratulations! You have just won the State Lottery. The lottery prize was advertised as an annualized $105 million pai...
Congratulations! You have just won the State Lottery. The lottery prize was advertised as an annualized $105 million paid out in 30 equal annual payments beginning immediately. The annual payment is determined by dividing the advertised prize by the number of payments. Instead you could take a one lump cash prize of the present value of all the annuity payments using a 4.5% discount rate. You now have up to 60 days to determine whether to take the cash prize...
2 You Won the Lottery! You have just won the lottery and will receive 30 yearly payments, as follows: you get $1,500,000 in the first year, after which yearly payments will increase by 2.7% per year. A company specializing in purchasing annuities (yes, they do exist!) offers you instant $14,000,000 in cash to purchase the right to receive your winnings. The relevant interest rate is 3% per year. Will you take the offer?
You have just won the initial School of Finance lottery! You have won $10,000 today, $20,000 four years from today, and $30,000 six years from today. As an alternative, you can receive your winnings as a 10-year annuity with the first payment received ten years from today. If you require a 6% return on your investment, how much must the annuity pay you each year for you to select that option?
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