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Problem 2 : One credit card company sent 1 , 0 0 0 , 0 0 0 letters with the costs of $ 1 .

Problem 2:
One credit card company sent 1,000,000 letters with the costs of $1.8 million dollars to the target
market, and finally they issued 46,000 new credit cards. After one month, only 41,000 of them
activated a credit statement.
How much is the acquisition rate? (Show two approaches)
How much is the acquisition cost? (Show two approaches)
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