Discount

rate.

Future Bookstore sells books before they are published. Today, they are offering the book Adventures in Finance for

$12.71,

but the book will not be published for another

3

years. The retail price when the book is published will be

$22.

What is the discount rate Future Bookstore is offering its customers for this book?

What is the discount rate Future Bookstore is offering its customers for this book?

nothing%

(Round to two decimal places.)