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You are promised $8,000 in 3 years. If you estimate that you can earn a 6% coupon rate (capitalized monthly) for the next 8 semesters,

You are promised $8,000 in 3 years. If you estimate that you can earn a 6% coupon rate (capitalized monthly) for the next 8 semesters, how much are you willing to exchange this promise for? Please sel...

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