Recently, a suburban chicago won powerball, a multistate lottery game. the game had rolled over for several weeks, so a hige jackpot was at stake. ticket buyers had the choice between a single ump sum of $104 million or a total of $198 million paid out over 25 years (or $7.92 million per year and the payment is made immediately) should they win the game. the winning couple opted for the lump sum. at what interest rate will those two payment options be equivalent?

Stock market crashes happen when the value of most of the stocks in the stock market increase at the same time. question 10 options: true false

Mae jong corp. issues $1,000,000 of 10% bonds payable which may be converted into 10,000 shares of $2 par value ordinary shares. the market rate of interest on similar bonds is 12%. interest is payable annually on december 31, and the bonds were issued for total proceeds of $1,000,000. in accounting for these bonds, mae jong corp. will: (a) first assign a value to the equity component, then determine the liability component. (b) assign no value to the equity component since the conversion privilege is not separable from the bond.(c) first assign a value to the liability component based on the face amount of the bond.(d) use the “with-and-without” method to value the compound instrument.

During the holiday season, maria's department store works with a contracted employment agency to bring extra workers on board to handle overflow business, and extra duties such as wrapping presents. maria's is using during these rush times.