1. (Present value?) What is the present value of the following future? amounts?

a. ?$800 to be received 8 years from now discounted back to the present at 11 percent.

b. ?$300 to be received 6 years from now discounted back to the present at 8 percent.

c. ?$1,100 to be received 13 years from now discounted back to the present at 4 percent.

d. ?$1,050 to be received 4 years from now discounted back to the present at 18 percent.

2. According to the text, the valuation of an MNC with foreign subsidiaries is directly affected by all of the following except_______________.

a. exchange rate fluctuations

b. foreign political conditions

c. foreign economic conditions

d. It is affected by all of the above.