You have a contract that entitles you to receive 1 million


You have a contract that entitles you to receive $1 million 20 years from now. But can't wait and want your money now. You want to sell your contract. What is a fair price for it? Assume the risk free, inflation adjusted interest rate is 3% per year, compounded continuously.

Request for Solution File

Ask an Expert for Answer!!
Financial Management: You have a contract that entitles you to receive 1 million
Reference No:- TGS0978192

Expected delivery within 24 Hours