The present value of an asset is
A) equivalent to the face value of the asset.
B) the amount someone would pay in the future to have the asset today.
C) the most someone would be willing to pay upon maturity of the asset.
D) the amount someone would pay in the future for the current stream of payments from the asset.
E) the most someone would be willing to pay today for the asset.
Correct Answer:
Verified
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