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As of 22/06/2022, the current price of copper is $8.99 per kg. The price of copper is expected to grow at 2 percent per year

As of 22/06/2022, the current price of copper is $8.99 per kg. The price of copper is expected to grow at 2 percent per year for the foreseeable future. If the appropriate discount rate is 8 percent, calculate the present value of copper after three years?

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