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1. Suppose the risk-free interest rate is 3.9% 1.1 Having $500 today is equivalent to having what amount in one year? 1.2 Having $500 in

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1. Suppose the risk-free interest rate is 3.9% 1.1 Having $500 today is equivalent to having what amount in one year? 1.2 Having $500 in one year is equivalent to having what amount today? 1.3 Which would you prefer, $500 today or $500 in one year? Does your answer depend on when you need the money? Why or Why not

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