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An insurance agent just offered you a new insurance product that will provide you with $1,255.20 12 years from now if you invest $400 today.
An insurance agent just offered you a new insurance product that will provide you with $1,255.20 12 years from now if you invest $400 today. What annual rate of interest would you earn if you invested in this product?
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Handbook Of The Economics Of Finance Volume 2A
Authors: George M. Constantinides, Milton Harris, Rene M. Stulz
1st Edition
