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Yuanyuan Qian can lend and borrow at the bank at 25 percent per period. She has (a) 20,000 in cash now. Her only investment possibility
Yuanyuan Qian can lend and borrow at the bank at 25 percent per period. She has (a) 20,000 in cash now. Her only investment possibility costs 32,000 now in her Youth and has a payoff of 50,000 in her Old Age. What is the most she can consume in her Youth
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Fundamentals of Multinational Finance
Authors: Michael H. Moffett, Arthur I. Stonehill, David K. Eiteman
5th edition
205989756, 978-0205989751
