Homework Set 2 Chapters 4 Amp 5Question Description Directions: Answer the following questions on a separate document.Explain how you reached the answer or show your work if a mathematicalcalculation is needed, or both. Submit your assignment using theassignment link above.A. You have just won the Strayer Lottery jackpot of $11,000,000. Youwill be paid in 26 equal annual installments beginning immediately. Ifyou had the money now, you could invest it in an account with a quotedannual interest rate of 9% with monthly compounding of interest. What isthe present value of the payments you will receive?B. In your own words and using various bond websites, please locateone of each of the following bond ratings: AAA, BBB, CCC, and D. Pleasedescribe the differences between the bond ratings. Identify thestrengths and weaknesses of each rating.Click here to view the grading rubric.