2 A hedge fund manager requires 10% minimum return for all their investments. An opportunity presents to get $1,000,000 in three years. What is the maximum price that the hedge fund manager should be willing to pay for this investment? O $753,314.8 O $749,314.8 O $756,314.8 O $751,314.8
2 A hedge fund manager requires 10% minimum return for all their investments. An opportunity presents to get $1,000,000 in three years. What is the maximum price that the hedge fund manager should be willing to pay for this investment? O $753,314.8 O $749,314.8 O $756,314.8 O $751,314.8
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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The maximum amount fund manager should be willing to pay for this investment is the present value of future cashflows
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