Multiple Choice
What is the present value of the following investment opportunity. You invest $10,000 now and another $10,000 in one year. In return you receive $23,000 in two years. Other opportunities available with similar risk yield about 12%.
A) $9406.60
B) $593.40
C) ($593.40)
D) $8,929
Correct Answer:
Verified
Correct Answer:
Verified
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