Module4Lecture1Notes - UGBA10 Accounting and Finance 3/19...

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UGBA10 Accounting and Finance 3/19 Module 4 Lecture 1 Robinson had people come up on stage, gave them stakes and asked them if they wanted to invest it instead o $2 bill stake, you can get $2 or $3 → choose $3 because you get back more investment o If you have to choose between $3 NOW or $3 on January 1st → choose NOW because of time value of money o $2 bill stake, you can get $4 investment if you call a coin flip correctly → guy guessed head and received $4 o $3 bill stake, you can get $12 investment if you call the dice toss correctly → guy guessed wrong, so consolation prize o $2 bill stake, you can get A or B investment, one is $10 and the other is not $10 → guy guessed B, got Cambodian money worth less than a penny Module 4 Syllabus o Office Hours is on Wednesday, not what it says on syllabus o There is no chapter 16 in the textbook, so anywhere it says chapter 16 is actually chapter 15 What Investors Want o guaranteed return of 4% on some investments, but if you know loaning money to U.S. Treasury is 5%, that is obviously better than the guaranteed return of 4%,
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