A basic economic principle is that the price of any financial asset ________ the present value of its expected cash flow, even if the cash flow is not known with certainty.
A. is greater than
B. is equal to
C. is less than
D. is equal to or greater than
Answer:B
A basic economic principle is that the price of any financial asset ________ the present value of its expected cash flow, even if the cash flow is not known with certainty.
A. is greater than B. is equal to C. is less than D. is equal to or greater than