Wall Street could guarantee a profit out of Powerball by issuing
high-yield junk bonds and purchasing 292 million tickets.
If the venture
won the jackpot outright, it would pay off the bonds and pocket around
$300 million.
Love it!
Wall Street could guarantee a profit out of Powerball by issuing
high-yield junk bonds and purchasing 292 million tickets.
If the venture
won the jackpot outright, it would pay off the bonds and pocket around
$300 million.
Love it!