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YearPrice levelValue of dollar 1 1 . 0 0 $ 1 . 0 0 2 1 . 2 5 3 0 . 8 0 4

YearPrice levelValue of dollar11.00$1.0021.2530.8040.50Given the above information, the value of the dollar in year 3 is:Multiple Choice$.80.$1.33.$1.25.$1.00.$.50.

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