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A bet is placed, and it is agreed to pay $612.52 in three years to bookie to cover the loss. If the market rate of

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A bet is placed, and it is agreed to pay $612.52 in three years to bookie to cover the loss. If the market rate of interest is 7%, the value of bet would be: a. $500 b. $550 c. $700 d. $750

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