Dobson Construction has an investment project that would cost $150,000 today and yield a one-time payoff of $167,000 in three years. Among the following interest rates, which is the highest one at which Dobson would find this project profitable?
a. 5 percent
b. 4 percent
c. 3 percent
d. 2 percent
c
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A newly industrialized country is a. the same as a high-income country. b. any country that has experienced sustained growth in industry. c. a special classification given to some upper-middle income countries that have achieved relatively advanced manufacturing sectors
d. any country that has moved out of lower income status.
An individual who acquires a bond from a corporation
A. lends money to the corporation. B. borrows money from the corporation. C. buys part of the corporation. D. promises to pay part of any debts of the corporation.
If GDP in year 1 is the same dollar amount as the GDP in year 2, does it follow that Real GDP in year 1 is the same as Real GDP in year 2?
A) Yes, since prices must necessarily be the same in the two years. B) No, since equal GDP figures do not account for population. C) No, since prices may not be the same in the two years. D) Yes, since equal GDP figures do account for a change in the quality of goods produced in the two years. E) none of the above
The benefit (or satisfaction) that an individual expects to derive from an activity is called...
What will be an ideal response?