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Business, 18.02.2020 23:29 shonnap1

Mario won the lottery and is receiving payments of $1,521,875 a year for the next 19 years. However, he has decided to sell this income stream and has been offered $9,968,843 for the remaining lottery payments. What is the discount rate used by the potential buyer?

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Mario won the lottery and is receiving payments of $1,521,875 a year for the next 19 years. However,...
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