What is the discount rate future bookstore

Reference no: EM13262339

Discount rate. Future Bookstore sells books before they are published. Today, they are offering the book Adventures in Finance for $13.39, but the book will not be published for another 3 years. The retail price when the book is published will be $21. What is the discount rate Future Bookstore is offering its customers for this book?

Reference no: EM13262339

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