I think your answer should be c. Hope this helps. :)
Answer:
The correct answer is letter "B": has a physical trading floor.
Explanation:
An auction market is one where buyers and sellers simultaneously offer reasonable bids. The price of the asset being traded is the highest price a buyer is willing to pay and the lowest price a seller is willing to accept. Even with the spread of technology, some auctions can be done online. Though, the auction always has a trading floor.
Answer:
Correct option $170,803
Explanation:
Consider the following calculation
NPV = -168000 - 24000 + ((640000 - 466000 - 42000)*(1 - .35)+42000)*PVAF(12%, 4 years) - 55000*PVF(12%, 3 year) + 24000*PVF (12%, 4 year)
= -192000 + 127800*3.03735 - 55000*.71178 + 24000*.6355
= 172.277