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Your friend Cathy told you that her discount rate is exactly O. If you offer her a choice to receive some money, which of the

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Your friend Cathy told you that her discount rate is exactly O. If you offer her a choice to receive some money, which of the following option would she prefer? Receive $1,000 today Receive $500 today and $800 a year later Receive $1,000 a year later Receive $1,500 a year later

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