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As a principal in the consulting firm where you have worked for 2 0 years, you have accumulated 4 5 0 0 shares of company
As a principal in the consulting firm where you have worked for years, you have accumulated shares of company stock. One year ago, each share of stock was worth $ The company has offered to buy back your shares for $ At what interest rate would the firms offer be equivalent to the worth of the stock last year?
The required interest rate is
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