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Vincent Smudge's Paintings Are Unappreciated Now

Question 10

Multiple Choice

Vincent Smudge's paintings are unappreciated now. Nobody is willing to pay anything to have them on the walls. In 5 years Smudge's work will gain enduring popularity. People will suddenly be willing to pay $1,000 a year to have an original Smudge on their walls and will continue to be willing to do so ever after. If investors realize that this is the case and if the interest rate is and always will be r, a painting by Smudge will currently be worth about


A) Vincent Smudge's paintings are unappreciated now. Nobody is willing to pay anything to have them on the walls. In 5 years Smudge's work will gain enduring popularity. People will suddenly be willing to pay $1,000 a year to have an original Smudge on their walls and will continue to be willing to do so ever after. If investors realize that this is the case and if the interest rate is and always will be r, a painting by Smudge will currently be worth about A) B) C) D) E)
B) Vincent Smudge's paintings are unappreciated now. Nobody is willing to pay anything to have them on the walls. In 5 years Smudge's work will gain enduring popularity. People will suddenly be willing to pay $1,000 a year to have an original Smudge on their walls and will continue to be willing to do so ever after. If investors realize that this is the case and if the interest rate is and always will be r, a painting by Smudge will currently be worth about A) B) C) D) E)
C) Vincent Smudge's paintings are unappreciated now. Nobody is willing to pay anything to have them on the walls. In 5 years Smudge's work will gain enduring popularity. People will suddenly be willing to pay $1,000 a year to have an original Smudge on their walls and will continue to be willing to do so ever after. If investors realize that this is the case and if the interest rate is and always will be r, a painting by Smudge will currently be worth about A) B) C) D) E)
D) Vincent Smudge's paintings are unappreciated now. Nobody is willing to pay anything to have them on the walls. In 5 years Smudge's work will gain enduring popularity. People will suddenly be willing to pay $1,000 a year to have an original Smudge on their walls and will continue to be willing to do so ever after. If investors realize that this is the case and if the interest rate is and always will be r, a painting by Smudge will currently be worth about A) B) C) D) E)
E) Vincent Smudge's paintings are unappreciated now. Nobody is willing to pay anything to have them on the walls. In 5 years Smudge's work will gain enduring popularity. People will suddenly be willing to pay $1,000 a year to have an original Smudge on their walls and will continue to be willing to do so ever after. If investors realize that this is the case and if the interest rate is and always will be r, a painting by Smudge will currently be worth about A) B) C) D) E)

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