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Author Question: An elderly relative offers to sell you their used 1958 Cadillac Eldorado for $50,000. You note that ... (Read 148 times)

dollx

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on: Jul 9, 2019
An elderly relative offers to sell you their used 1958 Cadillac Eldorado for $50,000. You note that very similar cars are selling on the open market for $90,000. You don't care for classic cars and would rather buy a new Ford Explorer for $35,000. What is the net value of buying the Cadillac?
◦ $50,000, since the Cadillac could be bought for this price.
◦ $40,000, since this is the difference between purchase and resale price of the Cadillac.
◦ $90,000, since the Cadillac could be sold for this price.
◦ $35,000, since this is the value of the car that you really want to buy.
Fundamentals of Corporate Finance ¦ Berk, DeMarzo, Harford ¦ 2nd Edition
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Marked as best answer by dollx on Jul 9, 2019

guyanai

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Reply #1 on: Jul 9, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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dollx

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Reply #2 on: Jul 9, 2019
Thank you!


guyanai

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Reply #3 on: Jul 9, 2019
Always glad to help...


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