Use the Table for the Question(s)below

question 69

Multiple Choice

Use the table for the question(s) below.
Suppose the term structure of interest rates is shown below:

-The present value (PV) of receiving $1 000 per year with certainty at the end of the next three years is closest to:

• A)$2 723
• B)$2 744
• C)$2 737
• D)$2 733

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Definitions:

Mundane Task Characteristic

Features of a task that are considered routine, boring, or repetitive, often lacking intrinsic motivation.

Unclear Task Characteristic

Pertains to an assignment or job duty that lacks clear definition, objectives, or processes, often leading to confusion and inefficiency among those involved.

Path-goal Theory

A leadership theory that suggests a leader's effectiveness is determined by their ability to clear pathways to their followers' goals, modifying their style to the situation and the follower's characteristics.

Environment

The surrounding conditions or context in which a person, animal, or plant lives or operates, encompassing both natural and built elements.