Unlike the interest rate,which is determined by an economic expert,the applicable discount rate for past damages is the risk-free rate.

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The statement is false. The applicable discount rate for past damages is not always the risk-free rate. In fact, it depends on various factors such as the nature of the damages, the duration until payment, and the market conditions. A court or jury may also consider other factors while determining the discount rate, such as inflation, investment opportunities, and the specific circumstances of the case. Therefore, the discount rate for past damages cannot be considered as a fixed or predetermined rate.

Unlike the Interest Rate,which Is Determined by an Economic Expert,the