Fin Week 4 Homework

Due Week 4 and worth 75 points

Directions: Answer the following questions in 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, 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.

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