23.) Today, Jan.2021, you are considering investing in a risky asset that would pay ONE OF the following amounts in Jan.2025 : (a) $600 if the economy is expanding rapidly, which happens 30% of the time, OR (b) $400 if the economy expands at a normal pace, with 50% probability, OR (c) $100 if the economy turns into a recession. Assets of similar risk yield 7%. What 1m would you be willing to pay 'today' ? 24.) TatraInc has just reported $40 per share earnings that are currently growing at 30% per year. The company has not paid any dividends, but expects to pay its rst $10 per share dividend in 3 years (at T3), after which the company's growth will slow down and dividends would be expected to grow at 5% per year forever. The appropriate discount rate is 9%. What should be Tatra's share price today? 25.) Assume that you want to buy an Audi for $35,000. You have only $5,000 available for the down-payment and you must nance the rest. A local Credit union is offering you a 3-year car-loan at 6% APR12. Rochester Audi dealer is offering you 3-year financing at 3% APR12. With either loan, you'd be repaying it in equal monthly installments. Another dealer at Bloomeld is offering you a $500 discount off the car price but no nancing. Note: there are only two alternatives (Rochester and Bloomeld car dealerships), as you can NOT buy a car from that credit union :) !! (a) Should you buy your car at the Rochester or Bloomeld dealership? (b) What discount ($ amount off the car price) would the Bloomeld dealer need to offer you in order to make you indifferent relatively to the Rochester car+nancing deal