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Crystal wishes to buy a Worhal Triplin painting.She expects to sell it to her friend, Ricardo, 4 years from now for 5,000 Warhol art values
Crystal wishes to buy a Worhal "Triplin painting.She expects to sell it to her friend, Ricardo, 4 years from now for 5,000 Warhol art values are highly and thus risky. Crystal has a required rate of return of fifteen percent. What is the most she should bid for the painting at todays auction?
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