How do you think today's low interest rate environment is impacting the time value of money? How might this change the value of an asset or liability?

The Damon Investment Company manages a mutual fund composed mostly of speculative stocks. You recently saw an ad claiming that investments in the funds have been earning a rate of return of $21\%.$ This rate seemed quite high, so you called a friend who works for one of Damon$$s competitors. The friend told you the $21\%$ return figure was determined by dividing the two$-$year appreciation on investments in the fund by the average investment. In other words, $$100$ invested in the fund two years ago would have grown to $$121.$ Discuss the ethics of the $21\%$ return claim made by the Damon Investment Company.