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You are thinking about investing $5,144 in yourfriend's landscaping business. Even though you know the investment is risky and youcan't besure, you expect your investment
You are thinking about investing $5,144 in yourfriend's landscaping business. Even though you know the investment is risky and youcan't besure, you expect your investment to be worth $5,750 next year. You notice that the rate forone-year Treasury bills is 1%. However, you feel that other investments of equal risk to yourfriend's landscape business offer an expected return of 11% for the year. What should youdo?
The present value of the return is $ __ (Round to the nearest cent)
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