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Can you help me with thus question? please A ten-year annuity pays $2,500.Based on the discount rates applied by investors today, the market price is
Can you help me with thus question? please
A ten-year annuity pays $2,500.Based on the discount rates applied by investors today, the market price is $22,000.If the price increases to $22,500 tomorrow, that means:
a) the discount rate is higher
b) the discount rate is lower
c) the discount rate is unchanged
d) question cannot be answered without knowledge of today's discount rate
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