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Why doesn't the payback rule always make shareholders better off?
Simple Interest
Interest calculated only on the initial principal of an investment or loan over a specified time period.
Contract
A legally binding agreement between two or more parties outlining obligations, rights, and conditions.
T-Bill
Short for Treasury Bill, a short-term government security issued at a discount from the par value and repaid at maturity.
Annual Rate
A percentage representing the interest or growth a sum of money would earn over the course of a year.
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