Question $2$

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Points out of $5\mathrm{.}00$

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What is the most we should pay for any investment?

Select one:

a$.$ The future value of the investment's expected cash flows calculated using our desired rate of return.

b$.$ The present value of the investment's cash flows calculated using our desired rate of return.

c$.$ The sum of the investment's cash flows.

d$.$ none of the above

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