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An investor is indifferent between receiving $3,000 today and $4,887 in 10 years. The investor is using a discount rate of what percent?

International Financial Management

14th Edition

ISBN:9780357130698

Author:Madura

Publisher:Madura

Chapter8: Relationships Among Inflation, Interest Rates, And Exchange Rates

Section: Chapter Questions

Problem 2SBD

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An investor is indifferent between receiving $3,000 today and $4,887 in 10 years. The investor is using a discount rate of what percent?

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