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Chapter 3.2, Problem 2CC
Summary Introduction

To discuss: The effects of value today of a promise of money in one year, when the interest rates rises.

Introduction:

The rate at which a person exchanges his money today in comparison with future rate is estimated by the current interest rates.

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Chapter 3 Solutions

Corporate Finance Plus MyLab Finance with Pearson eText -- Access Card Package (4th Edition) (Berk, DeMarzo & Harford, The Corporate Finance Series)

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