Multiple Choice
Which of the following statements is INCORRECT?
A) For most financial decisions, costs and benefits occur at different points in time.
B) We refer to (1 - rf) as the interest rate factor for risk-free cash flows.
C) We define the risk-free interest rate (rf) for a given period as the interest rate at which money can be borrowed or lent without risk over that period.
D) In general, money today is worth more than money in one year.
Correct Answer:
Verified
Correct Answer:
Verified
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