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Discount rateFuture Bookstore sells books before they are published. Today, they are offering the book Adventures in Finance for $12.81 but the book will not

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

$12.81 but the book will not be published for another 4 years. The retail price when the book is published will be $25

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

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