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If an investor is indifferent between $1.00 today and $1.33 in three years a. $1.00 must be the present value of $1.33 in three years.
If an investor is indifferent between $1.00 today and $1.33 in three years a. $1.00 must be the present value of $1.33 in three years. b. $1.33 must be the future value of $1.00 today. c. the relevant interest rate is positive. d. a and b e. all of the above
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