1. As you consider the time value and market value how would this influence your decisions as a financila manager? How would you use this knowledge to provide information for your strategic financial decisions?
2. You just won the lottery! As your prize you will receive $818a month for 105 months. If you can earn 19% (APR) on your money, what is this prize worth to you today?
3. A project has a 0.68 chance of doubling your investment in a year and a 0.32 chance of halving your investment in a year. What is the standard deviation of the rate of return on this investment? (Do not round intermediate calculations. Round your answer to 2 decimal places.)