You have just won the University 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?
In your own words and using various bond websites, locate one of each of the following bond ratings: AAA, BBB, CCC, and D. Describe the differences between the bond ratings. Identify the strengths and weaknesses of each rating.
Explain how you reached the answer or show your work if a mathematical calculation is needed, or both.
Include page numbers. Use 1-inch margins. Use numerals (1, 2, 3, and so on) or spell out numbers (one, two, three, and so on). Double space body text in the assignment. Use consistent 12-point font. Use section headings to divide separate content areas. Center the section headings on the page, be consistent, and include at least two section headings in the assignment. Include the assignment title, your name, course title, your professor’s name, and the date of submission on a separate page (first page of submission). Use appropriate language and be concise. Write in active voice when possible. Find tips here. Use spelling/grammar check and proofread to keep work error free. Choose a point of view (first, second, or third person) as required by assignment guidelines. Provide credible sources to support your ideas/work when required. Find tips here. Cite sources throughout your work when you borrow someone else’s words or ideas. Don’t forget: Cite and add your textbook to the Source List if used as a source. Include a Sources List when the assignment requires research or if you cite the textbook. Type “Sources” centered horizontally on the first line of the Source List page. Record the sources that you used in your assignment in a numbered list (see Giving Credit to Authors and Sources section). Essay/Paper Guidelines D
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