• August 28th, 2018

Financial Management

Directions: Answer the following questions on a separate document.  Explain how you reached the answer or show your work if a mathematical  calculation is needed, or both. Submit your assignment using the  assignment link above.


  1. 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?
  2. In your own words and using various bond websites, please 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.

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