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This topic has 0 replies, 1 voice, and was last updated 13 years ago by klauslily.

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July 8, 2011 at 9:22 am #49267
klauslily
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In terms of the example 1 from chapter 12,question b asks us to calculate the current market value. The answer given uses the nominal interests rate 8% as discount factor, instead of effective return rate 10%. Is that correct ? Thanks in advance for the help.
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