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Korolek [52]
2 years ago
6

Suppose Clifford recently discovered oil in his fields, which greatly excites him because he can earn a profit of $ 31.00 per ba

rrel based on present market conditions. Because production costs will be lower in five years, Clifford estimates that he can pump the oil out at a profit of $ 49.00 per barrel if he chooses to wait. If the interest rate currently is 1.00 %, what is the present value of the oil if he waits five years?

Business
1 answer:
QveST [7]2 years ago
6 0

Answer:

$46.62

Explanation:

Kindly check the attached picture for detailed explanation

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Which of the following securities could NOT have any benefits for diversification with your investment portfolio? All of these choices would reduce risk for your portfolio and therefore show at least some benefit to diversification

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