-Test 1- Requires Respondus LockDown Browser me Left:1:34:31 Ralph King: Attempt 3 Question 32 (0.10344828 points) Assume that you won the Lotta Dough Lotto jackpot for $20 million. Further assume that you were offered a choice to receive the $20 million today, or receive it in equal installments of $1 million per year for 20 years. According to one of the principles of finance (covered in Chapter One), which would you take? O A) The $20 million in equal installments of $1 million per year for 20 years because you would be afraid of spending it all right away. B) The $20 million today because it would be worth more than if you would receive it in equal installments of $1 million per year for 20 years." C C) You would be indifferent as to when you would receive the $20 million since the total number of dollars received is the same either way." D) the $20 million in equal installments of $1 million per year for 20 years because it would be worth more than if you would receive it today. Question 33 (0.10344828 points) Why do junk bonds pay more than investment grade bonds? A) Junk bonds are issued by companies with bad credit ratings B) Junk bonds are issued by debt-laden companies ( C) Junk bonds are riskier than AAA rated bonds ( D) all of the above Question 34 (0.10344828 points) Using the 100 minus your age formula