Is the value today of money to be received in one year higher when interest rates are

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Is the value today of money to be received in one year higher when interest rates are high or when interest rates are low?
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Fundamentals of Corporate Finance

ISBN: 978-0133400694

1st canadian edition

Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford, David A. Stangeland, Andras Marosi

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