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Three friends are offered the choice of $500 today or $1000 3 years from today. One chooses the $500, one chooses $1000 and the third says it doesn't matter. Comment on the choices each of the friends made and explain why they might bave o ene

Three friends are offered the choice of $500 today or $1000 3 years from today. One chooses the $500, one chooses $1000 and the third says it doesn't matter. Comment on the choices each of the friends made and explain why they might bave o ene

Essentials Of Investments
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
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Three friends are offered the choice of $500 today or $1000 3 years from today. One chooses the $500, one chooses $1000 and the third says it doesn't matter. Comment on the choices each of the friends made and explain why they might have done so.
Transcribed Image Text:Three friends are offered the choice of $500 today or $1000 3 years from today. One chooses the $500, one chooses $1000 and the third says it doesn't matter. Comment on the choices each of the friends made and explain why they might have done so.
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