Question: Instructions: Please select the correct answer. You need to EXPLAIN your answer and/or SHOW any applicable calculations. Which of the following items reflects the time

Instructions: Please select the correct answer. You need to EXPLAIN your answer and/or SHOW any applicable calculations.

  1. Which of the following items reflects the time value of money?

a. Real risk-free rate.

b. Inflation premium.

c. Default risk premium.

d. Liquidity premium.

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