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1. Assume American Airlines (AA) enters a three-year operating lease for a boing 737-800. AA agrees to pay $10 million at the beginning of each

1. Assume American Airlines (AA) enters a three-year operating lease for a boing 737-800. AA agrees to pay $10 million at the beginning of each year in order to be granted the right to use the aircraft. Assume the weighted-average discount rate is 4.6%

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