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_____ hold intellectual property not with the goal of bringing novel innovations to market but instead in hopes that they can sue or extort large settlements from others.
Present Value Index
A ratio used in capital budgeting to evaluate the profitability of investments by comparing the present value of future cash flows to the initial investment cost.
Compound Interest
Interest that is computed on both the initial amount of the deposit or loan and on the interest that has been added to that principal over past periods.
Desired Rate of Return
The minimum percentage return an investor expects to achieve by investing in a particular asset.
Present Value
The value today of a sum of money or cash flows expected in the future, discounted at a particular rate of return.
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