Question 2: Mavericks Bookstore sells books before they are published. Today, they offered the book I love me some Finance for $14 but the book will not be published for another two years. Upon publishing, the price of the book will be $30.00. What is the discount rate (annual) Mavericks Bookstore is offering its customers for this book?

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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Question 2: Mavericks Bookstore sells books before they are published. Today, they
offered the book I love me some Finance for $14 but the book will not be published for
another two years. Upon publishing, the price of the book will be $30.00. What is the
discount rate (annual) Mavericks Bookstore is offering its customers for this book?
Transcribed Image Text:Question 2: Mavericks Bookstore sells books before they are published. Today, they offered the book I love me some Finance for $14 but the book will not be published for another two years. Upon publishing, the price of the book will be $30.00. What is the discount rate (annual) Mavericks Bookstore is offering its customers for this book?
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