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You are expecting to receive $ 1 , 0 0 0 at some time in the future. Which of the following would unambiguously increase the
You are expecting to receive $ at some time in the future. Which of the following would unambiguously increase the present value of this future payment?
Interest rates rise and you get the payment sooner.
Interest rates rise and you have to wait longer for the payment.
Interest rates fall and you have to wait longer to get the payment.
Interest rates fall and you get the payment sooner.
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