You’ve just won the lottery which promises to pay you $5,000 per month for the next 30 years, starting in one month

You’ve just won the lottery which promises to pay you $5,000 per month for the next 30 years, starting in one month. The lottery company is require to buy US Treasury securities to guarantee that it can meet its obligation to you. If Treasury securities earned 5% APR compounded monthly, how much would the lottery company have to invest today to cover its obligation?

The constant growth model is an approach to dividend valuation that assumes that dividends grow at a constant rate indefinitely. True False

The constant growth model is an approach to dividend valuation that assumes that dividends grow at a constant rate indefinitely. True False