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15 You are thinking about investing $4678 in your friend's landscaping business. Even though you know the investment is risky and you can't be sure
15
You are thinking about investing $4678 in your friend's landscaping business. Even though you know the investment is risky and you can't be sure of the outcome, you expect your investment to be worth $5689 next year. You notice that the rate for one-year Treasury bills is 1%. However, you feel that other investments of equal risk to your friend's landscape business offer an expected return of 9% for the year. What should you do? RE The present value of the return is $(Round to the nearest cent.) Step by Step Solution
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