Question
Lonnie has really gotten into NFTs. He is excited about a new one that he is certain will be worth $50,000 in four years. You
Lonnie has really gotten into NFTs. He is excited about a new one that he is certain will be worth $50,000 in four years.
You think this is a risk investment, and if it were a company, you would expect a 25% annual return for that level of risk. What is the most you should be willing to pay for the NFT Lonnie is looking at given the perceived level of risk?
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Intermediate Accounting
Authors: Kin Lo, George Fisher
Volume 1, 1st Edition
132612119, 978-0132612111
