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If the real interest rate is -1.5% per annum and the infla- tion rate is 3% per annum, then what is the present value of
If the real interest rate is -1.5% per annum and the infla- tion rate is 3% per annum, then what is the present value of a $1,000,000 nominal payment next year?
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Fundamentals Of Financial Management Concise
Authors: Eugene F. Brigham, Joel F. Houston
11th Edition
0357517717, 9780357517710
