Suppose a security with a risk-free cash flow of $154 in one year trades for $137 today.

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Suppose a security with a risk-free cash flow of $154 in one year trades for $137 today. If there are no arbitrage opportunities, what is the current risk-free interest rate?

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Corporate Finance The Core

ISBN: 9781292158334

4th Global Edition

Authors: Jonathan Berk, Peter DeMarzo

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