You Are Expecting a Payment of 800,000PLN 2 Years from Now

question 75

Multiple Choice

You are expecting a payment of 800,000PLN 2 years from now. The risk-free rate of return is 4.5 percent in Canada and 3 percent in Poland. Currently, you can buy 323PLN for $100. How much will
The payment 2 years from now be worth in Canadian dollars?

• A) $244,018
• B) $246,009
• C) $247,678
• D) $255,279
• E) $256,142

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Definitions:

Gift

Something voluntarily transferred by one person to another without expectation of payment or something in return.

Good Faith

An honest intention to act without taking an unfair advantage over another party, typically in negotiations or contracts.

Subjective Standard

A legal benchmark that varies based on an individual's personal views, feelings, or experiences rather than objective facts or evidence.

Conditionally Liable

Refers to a legal obligation that becomes enforceable only upon the occurrence of a specified condition.