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Julie wishes to buy a Worhal Marylyn Monroe painting. She expects to sell it 5 years from now for $1,000,000. Warhol art values are highly
Julie wishes to buy a Worhal "Marylyn Monroe" painting. She expects to sell it 5 years from now for $1,000,000. Warhol art values are highly volitile and thus risky. Julie has a required rate of return of 36 percent. What is the most she should bid for the painting at todays auction
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