Using an ex ante approach, what is the amount of damages for the theft of a high school yearbook having Janis Joplin's signature using the following information? 

a. \($5.\)

b. \($5\) plus prejudgment interest to date of trial.

c. \($1,000.\)

d. Present value of \($1,000\) as of date of theft.

Transcribed Image Text:

Date of theft: January 1, 1961 .Date of thief's trial: January 1, 1971 Yearbook's value as of date of theft: $5 Yearbook's value as of date of trial: $1,000