Assume that you went to Las Vegas and hit the jackpot for 5 million. Further assume that you were offered a choice to receive the $5 million today or receive it in two years. According to one of the principles of finance, which would you take?
a. You would be indifferent to when you would receive the $5 million.
b. $5 million in two years because you would be afraid of spending it all right away.
c. $5 million today because it would be worth more than if you would receive
e it in two years.
d. $5 million in two years because it would be worth more than if you would receive it today.