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You are approached by a fund manager that sells a particular product that is continuously compounded for 2 years. Its APR is 10%. It is

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You are approached by a fund manager that sells a particular product that is continuously compounded for 2 years. Its APR is 10%. It is expected to pay you back $50000 after 2 years. Nothing else. How much are you willing to pay for this today? (Hint: first calculate EAR, then calculate PV) $40594 $41322 $38789 $40937

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