Business, 06.03.2020 23:26, frankcaroccio0203

A higher discount rate applied to a given flow of returns in the future (e. g., $5,000 at the end of 5 years, $10,000 at the end of 10 years, $15,000 at the end of 15 years, etc.) will cause the present value of that flow to .
a. remain unchanged if the future dollars do not change.
b. increase
c. decrease
d. change in a direction that cannot be determined in general.

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A higher discount rate applied to a given flow of returns in the future (e. g., $5,000 at the end of...