Question
TRUE OR FALSE? When analyzing the present value of a lump sum to be received in the future, other things held constant, if the discount
TRUE OR FALSE?
When analyzing the present value of a lump sum to be received in the future, other things held constant, if the discount rate or the amount of time before the sum is received increases, then the present value will decrease.
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Fundamentals of Multinational Finance
Authors: Michael H. Moffett, Arthur I. Stonehill, David K. Eiteman
5th edition
205989756, 978-0205989751
