What is Present value? Value of money tomorrow Value of period payments tomorrow Value of period payments today Value of money today QUESTION 2 What is economic growth? Increases of Real GDP per capita Increases of Nominal GDP per capita Increases of Real GDP Increases of Nominal GDP What is the return in an investment? A measure of the profitability of an investment that takes into account changes in the value of the bond or other asset. A measure of the losses of an investment that takes into account changes in the value of the bond or other asset. A measure of the profitability of an investment that takes into account changes in economic growth in our country A measure of the profitability of an investment that takes into account changes in the value of liabilitios QUESTION 4 What is default risk? The risk that a bond or other debt instrument will make the promised payments. The risk that a bond or other debt instrument will avoid the promised payments. The risk that a stock or other equity instrument will not make the promised payments. The risk that a bond or other debt instrument will not make the promised payments