what does function mean in the following context?
'The future value of every investment is a function of its present price'.
The above sentence comes from Benjamin Graham's masterpiece 'The Intelligent Investor'.
So could you help me understand the word 'function' in the sentence.
I guess function here means ' a variable quantity regarded in relation to one or more other variables in terms of which it may be expressed or on which its value depends', a mathematical usage.
But I couldn't get the relationship between 'future value of every investment' and 'its present price'.
Does it mean the future value of every investment is influenced by its present price in a mathematical way?
Thank you for your help.
Search from various English teachers...
Answers · 2
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I think it means this: If you have the opportunity to buy an investment today for $100/share, the future value of that investment is greater than if you have the opportunity to buy it for $110/share, because the potential future profit to you is $10/share greater in the first situation.
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I think think the word function in this context means determiner or influencer.
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