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If the discount rate is r=100% and the payment stream has the structure of a uniform annuity with (x1=x2=x3 = $1), then the classical theory
If the discount rate is r=100% and the payment stream has the structure of a uniform annuity with (x1=x2=x3 = $1), then the classical theory of asset pricing would suggest that the competitive price for the asset (in dollars) be 0.75 o 0.5 0.25 0.875
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