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You are planning to invest in fine wine. Each case costs $100 (at time 0), and you know from experience that the (future) value of
You are planning to invest in fine wine. Each case costs $100 (at time 0), and you know from experience that the (future) value of a case of wine held fortyears is100tfort1. (Suppose that the value is100for0
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Managerial Economics and Business Strategy
Authors: Michael R. baye
7th Edition
978-0073375960, 71267441, 73375969, 978-0071267441
