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What's the Discount Rate?
When you add up all your future cash floes, what's that ten million dollars? Over spread across the next ten years into the future. Youv got to figure out, what's it worth to day, opposed to the value ten years from now. We have this in all our books. In fact, we have a calculator that automatically figures this out for you on buffet's books. And so the discount rate that you typically use is the ten year treasury.
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