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2. Peter Guber and Joe Laeob bought the Golden State Warriors basketball team for $45!] million in 2111!}. Forbes magazine estimates the team's net moome
2. Peter Guber and Joe Laeob bought the Golden State Warriors basketball team for $45!] million in 2111!}. Forbes magazine estimates the team's net moome for 29D? was $11.9 million. a. If the new owners believed that they,r would continue to earn this annual prot [after adjusting for ination} of $11.9 million forever, was this investment more luoratit'e than putting the $45!} million in a savings aeoount that pays a real interest rate of 2%? h. Would your answer to the part a} change if the real interest rate is 4%
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