To critically think about: The trend in the price of the security at present and in 2019. Introduction: The time value of money implies that the cash in hand at present has a higher value than the cash receipt promised in the future. Hence, a person needs more money in the future to buy the same product at present.

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Chapter 4, Problem 10CQ

Summary Introduction

To critically think about: The trend in the price of the security at present and in 2019.

Introduction:

The time value of money implies that the cash in hand at present has a higher value than the cash receipt promised in the future. Hence, a person needs more money in the future to buy the same product at present.

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