Explain in brief about the time value of money
Explain in brief about the time value of money?
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The money’s time value is that money which you hold in the hand today and it is of more value than money you expect to get in the future. In the same way, money you have to pay out now is a greater burden than the same amount when paid in the future.
What is Girsanov’s Theorem and Why is it Important in Finance?
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