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Suppose our investment cost 400 TL. Assume that 30% equity and 70% credit are used for this. The nominal value of the equity (lets say,

Suppose our investment cost 400 TL. Assume that 30% equity and 70% credit are used for this. The nominal value of the equity (lets say, the benefit-interest yield when we invest in treasury bills) is 20% and the interest rate of the loan is 15%. The inflation rate is at 8% level. In this case, what is the discount rate?

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