Under current President Nicolas Maduro, Venezuela has suffered from severe hyperinflation and currency debasement. For example, the Caracas, Venezuela Stock Market (IBCV) rose roughly 600% in 2017, which sounds amazing! However, there is one severe problem- this was due to inflation and money printing. In fact, the World Bank estimates inflation in Venezuela in 2017 was 43,000%. Assume both the above figures are accurate and that a Venezuelan citizen invested one Bolivar (one Venezuelan dollar) into the Caracas (IBCV) Stock Market on Jan 1, 2017. What was this 1 bolivar investment into the market worth as of the end of 2017 in real terms (after inflation)? (Hint: To solve, solve for the present value of a lump-sum received in 1-yr, using the 600% rate of growth in the market as the investment's growth rate to determine the investment's value in 1-yr, and then use the inflation rate as the discount rate). 0.84 Bolivar 0.34 Bolivar .07 Bolivar 0.02 Bolivar