English

27 July, 18:46

Which one of the following statements about present value is correct?

a. present value is best defined as the expected future value of a financial asset purchased today.

b. present value is best defined as the current worth of a financial asset purchased in the past.

c. present value is best defined as the worth in the future of a current flow of returns or costs.

d. present value is best defined as the worth today of future expected returns or costs.

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