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To: Iceberg who wrote (438)2/19/1999 5:08:00 PM
From: Sun Tzu  Read Replies (1) | Respond to of 10713
 
No, discount rate is the interest rate charged by the central bank to banks in need of liquidity. I did not say "discount rate". The sentence is to be taken at its normal English meaning. If you read books on value investing, they also talk about buying a stock at a discount. They are talking about the same discount that we discussed here.

ST