A contract for debt imposes on one a company to pay a person monthly payment of $100 for as long as it remains in business. This company faces no known risk of bankruptcy and therefore has no definite life (yes, companies can "live" forever). The beneficiary of this contract, the person receiving the payments, is planning to sell the rights in this contract (because he thinks he cannot live forever) and received three offers: [a] $100 [b] $1,000 [c] $10,000 What is the implied time value of money in each offer? Why do you think the party with higher time value of money will pay less (and vice versa)