Lottery and bond ratings
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, locate one of each of the following bond ratings: AAA, BBB, CCC, and D- Please describe the
differences between the bond ratings- Identify the strengths and weaknesses of each rating-